Buy Venky's (India), target price Rs 3110: HDFC Securities

HDFC Securities has buy call on Venky's (India) with a target price of Rs 3110. The current market price of Venky's (India) is Rs 2920.95.

Time period given by analyst is 2 weeks when Venky's (India) Ltd. price can reach defined target.

Venky's (India) Ltd., incorporated in the year 1976, is a Small Cap company (having a market cap of Rs 4138.86 Crore) operating in Agriculture/Horticulture/Livestock sector.


Venky's (India) Ltd. key Products/Revenue Segments include De Oiled Cake, Commercial Broilers, Chicks, Oil Refined, Animal Health Products : Powder, Poultry Feed, Processed Chicken, Other Operating Revenue, SPF Eggs, By Products, Animal Health Products : Liquids, Hatching Eggs, Grownup Commercial Layers for the year ending 31-Mar-2021.

Financials
For the quarter ended 30-06-2021, the company reported a Standalone Total Income of Rs 1092.91 Crore, up 14.70 % from last quarter Total Income of Rs 952.85 Crore and up 98.98 % from last year same quarter Total Income of Rs 549.26 Crore. Company reported net profit after tax of Rs 55.10 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 56 per cent stake in the company as of June 30, 2021, while FIIs held 1 per cent, DIIs 0.2 per cent and public and others 42.7 per cent.