Stock recommendations: Buy KRBL, target price Rs 275: Anand Rathi

Anand Rathi has buy call on KRBL with a target price of Rs 275. The current market price of KRBL Ltd. is Rs 233.05 Time period given by analyst is 3 months when KRBL price can reach defined target.

KRBL Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 5534.02 Crore) operating in Agro Processing sector.

KRBL Ltd. key Products/Revenue Segments include Electricity, Scrap, Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 1168.68 Crore, up 10.33 % from last quarter Total Income of Rs 1059.22 Crore and up 2.75 % from last year same quarter Total Income of Rs 1137.36 Crore. Company reported net profit after tax of Rs 73.36 Crore in latest quarter.


Investment Rationale
The brokerage advises traders to go long in the stock with a stop loss of 198

Promoter/FII Holdings
Promoters held 59.46 per cent stake in the company as of 31-Dec-2021, while FIIs owned 2.78 per cent, DIIs 0.02 per cent.