Buy V-Guard Industries, target price Rs 315: Centrum Broking

Centrum Broking has buy call on V-Guard Industries with a target price of Rs 315. The current market price of V-Guard Industries Ltd. is Rs 260.55. Time period given by analyst is one year when V-Guard Industries Ltd. price can reach defined target.

V-Guard Industries Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 11225.77 Crore) operating in Consumer Durables sector.

Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 569.06 Crore, down -33.76 % from last quarter Total Income of Rs 859.13 Crore and up 37.90 % from last year same quarter Total Income of Rs 412.65 Crore. Company reported net profit after tax of Rs 25.54 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 57.2 per cent stake in the company , FIIs held 14.9 per cent, DIIs 13.9 per cent and public and others 14 per cent.