Buy PC Jeweller target Rs 383: Sagar Doshi

Sagar Doshi of Edelweiss Financial Services has buy call on PC Jeweller with a target price of Rs 383.

The current market price of PC Jeweller is Rs 363.7.

Time period given by analyst is intraday when PC Jeweller price can reach defined target.

Sagar Doshi recommended to keep stoploss at Rs 350.

PC Jeweller, incorporated in the year 2005, is a Large Cap company (having a market cap of Rs 12,992.93 crore) operating in Gems and Jewellery sector.

PC Jeweller key Products/Revenue Segments include Diamonds/Gems/Jewellery which contributed Rs 8,104.58 crore to Sales Value (100 per cent of Total Sales)for the year ending 31-Mar-2017.

Company has reported net profit after tax of Rs 135.82 crore in latest quarter.

The company’s top management includes Dr.Manohar Lal Singla, Mr.Balram Garg, Mr.Krishan Kumar Khurana, Mr.Miyar Ramanath Nayak, Mr.Muneesh Chawla, Mr.Padam Chand Gupta, Mr.Ramesh Kumar Sharma, Mr.Suresh Kumar Jain.

Company has Walker Chandiok & Co. LLP as its auditors.

As on 14-07-2017, the company has a total of 358,425,600 shares outstanding.