Buy Spandana Sphoorty Financial, target price Rs 750: ICICI Securities

ICICI Securities has buy call on Spandana Sphoorty Financial with a target price of Rs 750. The current market price of Spandana Sphoorty Financial is Rs 610.

Time period given by analyst is one year when Spandana Sphoorty Financial Ltd. price can reach defined target.

Spandana Sphoorty Financial Ltd., incorporated in the year 2003, is a Mid Cap company (having a market cap of Rs 4349.78 Crore) operating in NBFC sector.


Spandana Sphoorty Financial Ltd. key Products/Revenue Segments include Interest, Income From Sale Of Share & Securities, Bad Debts Recovery and Commission for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 258.86 Crore, down -13.44 % from last quarter Total Income of Rs 299.07 Crore and down -40.48 % from last year same quarter Total Income of Rs 434.90 Crore. Company reported net profit after tax of Rs -219.72 Crore in latest quarter.




Promoter/FII Holdings
Promoters held 63.59 per cent stake in the company as of 30-Jun-2022, while FIIs owned 12.66 per cent, DIIs 4.12 per cent.