Buy Kaveri Seed Company, target price Rs 710: ICICI Securities

ICICI Securities has buy call on Kaveri Seed Company with a target price of Rs 710. The current market price of Kaveri Seed Company Ltd. is Rs 528.

Kaveri Seed Company Ltd., incorporated in the year 1986, is a Mid Cap company (having a market cap of Rs 3185.38 Crore) operating in Agriculture/Horticulture/Livestock sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 126.10 Crore, down -12.72 % from last quarter Total Income of Rs 144.48 Crore and down -2.74 % from last year same quarter Total Income of Rs 129.65 Crore. Company reported net profit after tax of Rs 9.16 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 55.5 per cent stake in the company as of Dec 30, 2020, while FIIs held 16.6 per cent, DIIs 8.3 per cent and public and others 19.6 per cent.