Buy SVP Global Ventures, target price Rs 142: Anand Rathi
SVP Global Ventures Ltd., incorporated in the year 1982, is a Small Cap company (having a market cap of Rs 1624.89 Crore) operating in Miscellaneous sector.
By ETMarkets.com | Updated:
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Anand Rathi has buy call on SVP Global Ventures with a target price of Rs 142. The current market price of SVP Global Ventures Ltd. is Rs 128.15.
SVP Global Ventures Ltd., incorporated in the year 1982, is a Small Cap company (having a market cap of Rs 1624.89 Crore) operating in Miscellaneous sector.
SVP Global Ventures Ltd. key Products/Revenue Segments include Textiles for the year ending 31-Mar-2020.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 411.86 Crore, unchanged .00 % from last quarter Total Income of Rs Crore and up 28.19 % from last year same quarter Total Income of Rs 321.29 Crore. Company reported net profit after tax of Rs 39.19 Crore in latest quarter.
Investment Rationale
SVP GLOBAL has been trading in a cycle of higher highs higher lows and is currently hovering near the previous swing highs indicating initial reversal signal in the counter. On daily time frame the stock has bounced from the supporting trend-line that even coincides with the lower band of the Bollinger band (20, 2), indicating nearby support. The formation of candlestick in the recent period could be seen as the early sign of reversal in the counter and could be utilized from short term perspective.
SVP Global Ventures Ltd., incorporated in the year 1982, is a Small Cap company (having a market cap of Rs 1624.89 Crore) operating in Miscellaneous sector.
SVP Global Ventures Ltd. key Products/Revenue Segments include Textiles for the year ending 31-Mar-2020.
Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 411.86 Crore, unchanged .00 % from last quarter Total Income of Rs Crore and up 28.19 % from last year same quarter Total Income of Rs 321.29 Crore. Company reported net profit after tax of Rs 39.19 Crore in latest quarter.
Investment Rationale
SVP GLOBAL has been trading in a cycle of higher highs higher lows and is currently hovering near the previous swing highs indicating initial reversal signal in the counter. On daily time frame the stock has bounced from the supporting trend-line that even coincides with the lower band of the Bollinger band (20, 2), indicating nearby support. The formation of candlestick in the recent period could be seen as the early sign of reversal in the counter and could be utilized from short term perspective.
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