Buy Krsnaa Diagnostics, target price Rs 790: HDFC Securities

HDFC Securities has buy call on Krsnaa Diagnostics with a target price of Rs 790. The current market price of Krsnaa Diagnostics Ltd. is Rs 663.95.

Time period given by analyst is six months when Krsnaa Diagnostics Ltd. price can reach defined target.

Krsnaa Diagnostics Ltd., incorporated in the year 2010, is a Small Cap company (having a market cap of Rs 2078.05 Crore) operating in Hospitals & Allied Services sector.


Krsnaa Diagnostics Ltd. key Products/Revenue Segments include Hospital Services for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 111.49 Crore, down -17.84 % from last quarter Total Income of Rs 135.71 Crore and unchanged .00 % from last year same quarter Total Income of Rs Crore. Company reported net profit after tax of Rs 12.53 Crore in latest quarter.

Investment Rationale
A faster shift to pay per use for its new equipments could lead to lower capex intensity, faster expansion in return ratios and faster rerating.

Promoter/FII Holdings
Promoters held 27.38 per cent stake in the company as of 30-Sep-2021, while FIIs owned 25.57 per cent, DIIs 10.6 per cent.