Buy Kaveri Seed Company, target Rs 600: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Kaveri Seed Company Ltd. with a target price of Rs 600. The current market price of Kaveri Seed Company Ltd. is Rs 571.4. Time period given by analyst is Intra Day when Kaveri Seed Company Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 555. Kaveri Seed Company Ltd., incorporated in 1986, is a midcap company with a market cap of Rs 3607.20 crore.

Kaveri Seed Company Ltd. key Products/Revenue Segments include Seeds which contributed Rs 772.40 Crore to Sales Value (100.00 % of Total Sales)for the year ending 31-Mar-2018.

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, Mrs.G Vanaja Devi, Mrs.Musinipally Chaya Ratan. Company has M Bhaskara Rao & Co. as its auditoRs As on 31-12-2018, the company has a total of 63,129,133 shares outstanding.