Buy RPSG Ventures, target price Rs 820: HDFC Securities

HDFC Securities has buy call on RPSG Ventures with a target price of Rs 820. The current market price of RPSG Ventures Ltd. is Rs 757.

Time period given by analyst is 2 weeks when RPSG Ventures Ltd. price can reach defined target.

RPSG Ventures Ltd., incorporated in the year 2017, is a Small Cap company (having a market cap of Rs 2008.37 Crore) operating in Holding Company sector.


Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1612.26 Crore, down -5.55 % from last quarter Total Income of Rs 1706.96 Crore and up 41.55 % from last year same quarter Total Income of Rs 1139.00 Crore. Company reported net profit after tax of Rs 86.85 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 49.9 per cent stake in the company as of 30 June 2021, while FIIs held 13.3 per cent, DIIs 2.3 per cent and public and others 34.3 per cent.