Buy Kesoram Industries, target Rs 177.0 : Sameet Chavan

Sameet Chavan of Angel Broking has a buy call on Kesoram Industries Ltd. with a target price of Rs 177.0 .The current market price of Kesoram Industries Ltd. is 162.6 Time period given by analyst is Intra Day when Kesoram Industries Ltd. price can reach defined target. Sameet Chavan recommended to keep stoploss at Rs 153.

Kesoram Industries Ltd., incorporated in the year 1919, is a Mid Cap company (having a market cap of ₹ 1855.78 Cr.) operating in Miscellaneous sector.

Kesoram Industries Ltd. key Products/Revenue Segments include Cement which contributed ₹ 2402.41 Cr to Sales Value (52.75 % of Total Sales), Tyres which contributed ₹ 1940.96 Cr to Sales Value (42.61 % of Total Sales), Tubes which contributed ₹ 161.16 Cr to Sales Value (3.53 % of Total Sales), Flaps which contributed ₹ 37.92 Cr to Sales Value (0.83 % of Total Sales), Other Operating Revenue which contributed ₹ 11.78 Cr to Sales Value (0.25 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-12-2016, the company has reported a Standalone sales of ₹ 899.28 Cr., down -.15% from last quarter Sales of ₹ 900.63 Cr. and down -11.39% from last year same quarter Sales of ₹ 1014.88 Cr. Company has reported net profit after tax of ₹ -68.78 Cr. in latest quarter. The company’s CEO is Mr.Basant Kumar Birla. It's Board of Directors include Mr.Gautam Ganguli, Mr.Amitabha Ghosh, Mr.Andrew Harper, Mr.Animesh Banerjee, Mr.Basant Kumar Birla, Mr.Enrico Malerba, Mr.Gautam Ganguli, Mr.Kashi Prasad Khandelwal, Mr.Lee Seow Chuan, Mr.Sudip Banerjee, Mr.Tridib Kumar Das, Mr.Tridib Kumar Das, Mr.Vinay Sah, Mrs.Manjushree Khaitan. Company has its registered office at Birla Building,, 8th Floor,, 9/1, R.N.Mukherjee Road, Kolkata, 700001, West Bengal. Company has Price Waterhouse as its auditors. As on 31-03-2017, the company has a total of 110,226,775 shares outstanding.