Buy Kaveri Seed Company, target Rs 585: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Kaveri Seed Company Ltd. with a target price of Rs 585. The current market price of Kaveri Seed Company Ltd. is Rs 554.6 Time period given by the analyst is Intra Day when Kaveri Seed Company Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 540. Kaveri Seed Company Ltd., incorporated in 1986, is a midcap company with a market cap of Rs 3501.14 crore.

Kaveri Seed Company Ltd. key Products/Revenue Segments include Seeds which contributed Rs 669.89 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 75.19 Crore, down -87.08 % from last quarter Sales of Rs 581.89 Crore and up 8.04 % from last year same quarter Sales of Rs 69.60 Crore Company has reported net profit after tax of Rs 11.94 Crore in latest quarter. The company’s top management includes Dr.Bhaskar Venkataramany, Dr.G Pawan, Dr.S M Ilyas, Dr.S Raghuvardhan Reddy, Mr.C Mithun Chand, Mr.C Vamsheedhar, Mr.G V Bhaskar Rao, Mr.K Purushotham, Mr.P Varaprasad Rao, Mrs.G Vanaja Devi, Mrs.Musinipally Chaya Ratan. Company has M Bhaskara Rao & Co. as its auditoRs As on 30-09-2018, the company has a total of 63,129,133 shares outstanding.