Sell Equitas Holdings, target Rs 108: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a sell call on Equitas Holdings Ltd. with a target price of Rs 108. The current market price of Equitas Holdings Ltd. is Rs 113.95 Time period given by the analyst is Intra Day when Equitas Holdings Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 117. Equitas Holdings Ltd., incorporated in 2007, is a midcap company with a market cap of Rs 3889.91 crore.

Equitas Holdings Ltd. key Products/Revenue Segments include Interest which contributed Rs 13.57 Crore to Sales Value (100.00 % 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 485.60 Crore, up 12.97 % from last quarter Sales of Rs 429.86 Crore and up 22.02 % from last year same quarter Sales of Rs 397.97 Crore Company has reported net profit after tax of Rs 34.89 Crore in latest quarter. The company’s top management includes Mr.Arun Ramanathan, Mr.N Rangachary, Mr.P V Rajaraman, Mr.S Bhaskar, Mr.S Viswanatha Prasad, Mr.Yogesh Chand Nanda, Ms.Jayshree Ashwinkumar Vyas. Company has S R Batliboi & Associates LLP as its auditoRs As on 31-12-2018, the company has a total of 341,307,334 shares outstanding.