Buy Kaveri Seed, target Rs 585: Kunal Bothra

Independent analyst Kunal Bothra 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 563.2. Time period given by the analyst is Intra Day when Kaveri Seed Company Ltd. price can reach defined target. Kunal Bothra recommended to keep stoploss at Rs 552.

Kaveri Seed Company Ltd., incorporated in 1986, is a midcap company with a market cap of Rs 3722.31 Crore) operating in Agriculture/Horticulture/Lives sector.

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 31-03-2018, the company has reported a Standalone sales of Rs 41.60 Crore, down -41.10 % from last quarter Sales of Rs 70.64 Crore and up 3.24 % from last year same quarter Sales of Rs 40.30 Crore Company has reported net profit after tax of Rs -18.38 Crore in latest quarter.
The company’s top management includes 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 31-03-2018, the company has a total of 66,092,133 shares outstanding.