Buy Kajaria Ceramics, target Rs 545: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on Kajaria Ceramics Ltd. with a target price of Rs 545. The current market price of Kajaria Ceramics Ltd. is Rs 534.75 Time period given by analyst is Intra Day when Kajaria Ceramics Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 528. Kajaria Ceramics Ltd., incorporated in 1985, is a midcap company with a market cap of Rs 8499.87 crore.

Kajaria Ceramics Ltd. key Products/Revenue Segments include Tiles which contributed Rs 2624.85 Crore to Sales Value (99.87 % of Total Sales), Other Operating Revenue which contributed Rs 2.01 Crore to Sales Value (0.07 % of Total Sales) and Power which contributed Rs 1.39 Crore to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 758.56 Crore, up 4.58 % from last quarter Sales of Rs 725.31 Crore and up 14.73 % from last year same quarter Sales of Rs 661.16 Crore Company has reported net profit after tax of Rs 65.89 Crore in latest quarter. The company’s top management includes Mr.Ashok Kajaria, Mr.Basant Kumar Sinha, Mr.Chetan Kajaria, Mr.Debi Prasad Bagchi, Mr.Dev Datt Rishi, Mr.H Rathnakar Hegde, Mr.Raj Kumar Bhargava, Mr.Ram Ratan Bagri, Mr.Rishi Kajaria, Mrs.Sushmita Shekhar. Company has Walker Chandiok & Co. LLP as its auditoRs As on 31-12-2018, the company has a total of 158,950,300 shares outstanding.