Buy Gujarat Ambuja Exports, target price Rs 274: IIFL

IIFL has buy call on Gujarat Ambuja Exports with a target price of Rs 274. The current market price of Gujarat Ambuja Exports is Rs 257.6. Time period given by analyst is Intra Day when Gujarat Ambuja Exports Ltd. price can reach defined target.

Gujarat Ambuja Exports Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 5979.92 Crore) operating in Agro Processing sector.

Gujarat Ambuja Exports Ltd. key Products/Revenue Segments include Other Agro Products, Cotton Yarn, Other Operating Revenue, Power Generation for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1248.44 Crore, up 7.02 % from last quarter Total Income of Rs 1166.51 Crore and up 2.20 % from last year same quarter Total Income of Rs 1221.62 Crore. Company reported net profit after tax of Rs 105.13 Crore in latest quarter.

Investment Rationale
The stock has given a flag breakout.

Promoter/FII Holdings
Promoters held 63.84 per cent stake in the company as of 31-Dec-2021, while FIIs owned 4.06 per cent, DIIs 0.08 per cent.