Buy MSTC, target price Rs 457: HDFC Securities

HDFC Securities has buy call on MSTC with a target price of Rs 457. The current market price of MSTC Ltd. is Rs 361.45. Time period given by analyst is six months when MSTC Ltd. price can reach defined target.

MSTC Ltd., incorporated in the year 1964, is a Small Cap company (having a market cap of Rs 2547.07 Crore) operating in Trading sector.

MSTC Ltd. key Products/Revenue Segments include Service Charges, Traded Goods and 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 197.55 Crore, down -15.30 % from last quarter Total Income of Rs 233.24 Crore and up 19.64 % from last year same quarter Total Income of Rs 165.13 Crore. Company reported net profit after tax of Rs 41.12 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 64.7 per cent stake in the company as of March 2022 while FIIs owned 0.04 per cent, DIIs 35.5 per cent.