Buy JMC Projects (India), target price Rs 160: HDFC Securities

HDFC Securities has buy call on JMC Projects (India) Ltd. with a target price of Rs 160.The current market price of JMC Projects (India) Ltd. is Rs 111.55.

Time period given by analyst is one year when JMC Projects (India) Ltd. price can reach defined target.

JMC Projects (India) Ltd., incorporated in the year 1986, is a Small Cap company (having a market cap of Rs 1872.98 Crore) operating in Construction sector.


JMC Projects (India) Ltd. key Products/Revenue Segments include Contract Revenue for the year ending 31-Mar-2021.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1166.23 Crore, down -16.88 % from last quarter Total Income of Rs 1403.14 Crore and up 131.78 % from last year same quarter Total Income of Rs 503.17 Crore. Company reported net profit after tax of Rs -1.49 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 67.75 per cent stake in the company as of 30-Jun-2021, while FIIs owned 0.53 per cent, DIIs 16.37 per cent.