Buy JM Financial Ltd. target Rs 150: Prabhudas Lilladher

Prabhudas Lilladher has a buy call on JM Financial Ltd. with a target price of Rs 150. The current market price of JM Financial Ltd. is 127.4 Time period given by the brokerage is month when JM Financial Ltd. price can reach defined target. Prabhudas Lilladher recommended to keep stop loss at Rs 120.

JM Financial Ltd., incorporated in the year 1986, is a midcap company (with a market cap of ₹ 10285.13 Cr.) operating in Finance sector.

JM Financial Ltd. key Products/Revenue Segments include Interest which contributed ₹ 31.47 Cr to Sales Value (89.73 per cent of Total Sales) and Service Charges which contributed ₹ 3.60 Cr to Sales Value (10.26 per cent of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of ₹ 670.94 Cr., up 23.87 from last quarter Sales of ₹ 541.64 Cr. and up 58.98 from last year same quarter Sales of ₹ 422.03 Cr. Company has reported net profit after tax of ₹ 210.26 Cr. in latest quarter. The company’s top management includes Dr.Vijay Kelkar, Mr.Darius E Udwadia, Mr.E A Kshirsagar, Mr.Keki Dadiseth, Mr.Nimesh Kampani, Mr.Paul Zuckerman, Mr.Vishal Kampani, Ms.Jagi Mangat Panda. Company has Khimji Kunverji & Co. as its auditors. As on 31-03-2017, the company has a total of 794,525,114 shares outstanding.