Sell Kaveri Seed Company Ltd, target Rs 500: Edelweiss Financial Services

Edelweiss Financial Services has a sell call on Kaveri Seed Company Ltd. with a target price of Rs 500.0 .The current market price of Kaveri Seed Company Ltd. is Rs 537.05 Time period given by the brokerage is Intra Day when Kaveri Seed Company Ltd. price can reach defined target. Edelweiss Financial Services maintains stop loss at Rs 565.0 .

Kaveri Seed Company Ltd., incorporated in the year 1986, is a midcap company (having a market cap of ₹ 3732.08 crore.) operating in Agriculture/Horticulture/Lives sector.

Kaveri Seed Company Ltd. key Products/Revenue Segments include Seeds which contributed ₹ 848.94 Cr to Sales Value (99.99 % of Total Sales) and Other Operating Revenue which contributed ₹ .02 Cr to Sales Value (0.00 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2016, the company has reported a Consolidated sales of ₹ 43.82 Cr., down -52.32% from last quarter Sales of ₹ 91.90 Cr. and up 9.71% from last year same quarter Sales of ₹ 39.95 Cr. Company has reported net profit after tax of ₹ -7.78 Cr. in latest quarter. The company’s CEO is Mr.G V Bhaskar Rao. It's Board of Directors include Mr.V R S Murti, Dr.G Pawan, Dr.S M Ilyas, Dr.S Raghuvardhan Reddy, Dr.Yeshwant Laxman Nene, Mr.C Mithun Chand, Mr.C Vamsheedhar, Mr.G V Bhaskar Rao, Mr.G Vijay Kumar, Mr.K Purushotham, Mr.M Srikanth Reddy, Mr.P Varaprasad Rao, Mr.V R S Murti, Mrs.G Vanaja Devi. Company has its registered office at 513B, 5th Floor,, Minerva Complex,, S D Road, Secunderabad, 500003, Andhra Pradesh. Company has P R Reddy & Co as its auditors. As on 31-03-2017, the company has a total of 69,055,095 shares outstanding.