Buy Sanghvi Movers, target price Rs 255: ICICI Direct

ICICI Direct has buy call on Sanghvi Movers with a target price of Rs 255. The current market price of Sanghvi Movers is Rs 223. Time period given by analyst is 3 months when Sanghvi Movers Ltd. price can reach defined target.

Sanghvi Movers Ltd., incorporated in the year 1989, is a Small Cap company (having a market cap of Rs 971.60 Crore) operating in Industrial Equipment sector.

Sanghvi Movers Ltd. key Products/Revenue Segments include Sale of services, Power Generation and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 131.40 Crore, up 50.66 % from last quarter Total Income of Rs 87.22 Crore and up 46.37 % from last year same quarter Total Income of Rs 89.77 Crore. Company reported net profit after tax of Rs 18.58 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 47.25 per cent stake in the company as of 31-Mar-2022, while FIIs owned 0.3 per cent, DIIs 1.21 per cent.