Buy V-Guard Industries, target Rs 230: Dr CK Narayan

Dr CK Narayan of Chart Advise has a buy call on V-Guard Industries Ltd. with a target price of Rs 230. The current market price of V-Guard Industries Ltd. is Rs 219. Time period given by the analyst is Intra Day when V-Guard Industries Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 217. V-Guard Industries Ltd., incorporated in 1996, has a market cap of Rs 9349.86 crore.
V-Guard Industries Ltd. key Products/Revenue Segments include Electronic Products (Products) which contributed Rs 1017.11 Crore to Sales Value (43.81 % of Total Sales), Electronics & Mechanical Components which contributed Rs 729.20 Crore to Sales Value (31.41 % of Total Sales) and Consumer Durables which contributed Rs 574.96 Crore to Sales Value (24.76 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 594.27 Crore, down -.55 % from last quarter Sales of Rs 597.58 Crore and up 13.52 % from last year same quarter Sales of Rs 523.52 Crore Company has reported net profit after tax of Rs 33.70 Crore in latest quarter. The company’s top management includes Mr.A K Nair, Mr.C J George, Mr.Cherian N Punnoose, Mr.Kochouseph Chittilappilly, Mr.Mithun K Chittilappilly, Mr.Ullas K Kamath, Mr.V Ramachandran, Mrs.Joshna Johnson Thomas, Ms.Radha Unni. Company has S R Batliboi & Associates LLP as its auditoRs As on 31-03-2019, the company has a total of 426,934,094 shares outstanding.