Buy V-Guard Industries; target Rs 250: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on V-Guard Industries with a target price of Rs 250. The current market price of V-Guard Industries is Rs 233.65. Time period given by analyst is Intra Day when V-Guard Industries price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 227. V-Guard Industries , incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 9963.09 Crore) operating in Electric Equipment sector.

V-Guard Industries key Products/Revenue Segments include Electronic Products (Products) which contributed Rs 1017.11 Crore to Sales Value (43.81 per cent of Total Sales), Electronics & Mechanical Components which contributed Rs 729.20 Crore to Sales Value (31.41 per cent of Total Sales) and Consumer Durables which contributed Rs 574.96 Crore to Sales Value (24.76 per cent of Total Sales)for the year ending 31-Mar-2018.
For the quarter ended 30-09-2018, the company has reported a Standalone sales of Rs 597.58 Crore, down -5.88 per cent from last quarter Sales of Rs 634.89 Crore and up 6.73 per cent from last year same quarter Sales of Rs 559.92 Crore Company has reported net profit after tax of Rs 38.18 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.