Sell Capital First, target Rs 485: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on Capital First Ltd. with a target price of Rs 485. The current market price of Capital First Ltd. is Rs 502.7 Time period given by the analyst is Intra Day when Capital First Ltd. price can reach defined target. Manas Jaiswal recommended to keep stoploss at Rs 510. Capital First Ltd., incorporated in 2005, is a midcap company with a market cap of Rs 4977.91 crore.

Capital First Ltd. key Products/Revenue Segments include Interest which contributed Rs 3032.96 Crore to Sales Value (84.41 % of Total Sales), Fees & Other Charges which contributed Rs 374.86 Crore to Sales Value (10.43 % of Total Sales), Income From Financial Services which contributed Rs 146.48 Crore to Sales Value (4.07 % of Total Sales) and Income From Brokerage & Commission which contributed Rs 38.66 Crore to Sales Value (1.07 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 1093.96 Crore, up 10.77 % from last quarter Sales of Rs 987.64 Crore and up 45.99 % from last year same quarter Sales of Rs 749.32 Crore Company has reported net profit after tax of Rs 95.25 Crore in latest quarter.


The company’s top management includes Dr.(Mrs.)Brinda Jagirdar, Mr.Apul Nayyar, Mr.Dinesh Kanabar, Mr.Hemang Raja, Mr.M S Sundara Rajan, Mr.N C Singhal, Mr.Narendra Ostawal, Mr.Nihal Desai, Mr.V Vaidyanathan, Mr.Vishal Mahadevia. Company has B S R & Co. LLP as its auditoRs As on 31-03-2018, the company has a total of 98,965,244 shares outstanding.