Buy FSN E-Commerce Ventures, target price Rs 230: JM Financial

JM Financial has buy call on FSN E-Commerce Ventures with a target price of Rs 230. The current market price of FSN E-Commerce Ventures is Rs 175.5.

FSN E-Commerce Ventures Ltd., incorporated in the year 2012, is a Small Cap company (having a market cap of Rs 48854.49 Crore) operating in Services sector.

FSN E-Commerce Ventures Ltd. key Products/Revenue Segments include E-Commerce for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1675.04 Crore, down -6.75 % from last quarter Total Income of Rs 1796.38 Crore and up 27.72 % from last year same quarter Total Income of Rs 1311.46 Crore. Company reported net profit after tax of Rs 9.74 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 52.22 per cent stake in the company as of 31-Mar-2024, while FIIs owned 10.32 per cent, DIIs 17.16 per cent.