Hold V-Guard Industries, target price Rs 269: ICICI Securities

ICICI Securities has hold call on V-Guard Industries with a target price of Rs 269. The current market price of V-Guard Industries is Rs 258.65.

V-Guard Industries Ltd., incorporated in the year 1996, is a Mid Cap company (having a market cap of Rs 11131.13 Crore) operating in Consumer Durables sector.

Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 859.13 Crore, up 2.20 % from last quarter Total Income of Rs 840.60 Crore and up 57.30 % from last year same quarter Total Income of Rs 546.17 Crore. Company reported net profit after tax of Rs 68.39 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.