Buy Manpasand Beverages target Rs 910: SMC Investments and Advisors

SMC Investments and Advisors has buy call on Manpasand Beverages with a target price of Rs 910.

The current market price of Manpasand Beverages is Rs 818.3.

Time period given by analyst is one month when Manpasand Beverages price can reach defined target.

SMC Investments and Advisors recommended to keep stoploss at Rs 770.
Manpasand Beverages, incorporated in the year 2010, is a Mid Cap company (having a market cap of Rs 4,731.78 crore) operating in Beverages - Alcoholic sector.

Manpasand Beverages key Products/Revenue Segments include Fruit Drinks, Pulps, Jams & Ketchup etc which contributed Rs 706.85 crore to Sales Value (98.56 per cent of Total Sales) and Other Operating Revenue which contributed Rs 10.26 crore to Sales Value (1.43 per cent of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Standalone sales of Rs 294.78 crore, up 10.33 per cent from last quarter Sales of Rs 267.19 crore and up 24.62 per cent from last year same quarter Sales of Rs 236.54 crore.

Company has reported net profit after tax of Rs 35.91 crore in latest quarter.

The company’s top management includes Mr.Abhishek Singh, Mr.Bharat Vyas, Mr.Chirag Doshi, Mr.Dhirendra Singh, Mr.Dhruv Agrawal, Mr.Milind Babar, Mr.Vishal Sood, Ms.Bharti Naik.

Company has Deloitte Haskins & Sells as its auditors.

As on 31-03-2017, the company has a total of 57,216,198 shares outstanding.