Buy Aditya Birla Fashion and Retail, target price Rs 388: Religare Broking

Religare Broking has buy call on Aditya Birla Fashion and Retail Ltd. with a target price of Rs 388. The current market price of Aditya Birla Fashion and Retail Ltd. is Rs 353.9.

Aditya Birla Fashion and Retail Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 33212.51 Crore) operating in Retail sector.

Aditya Birla Fashion and Retail Ltd. key Products/Revenue Segments include Apparels, Homemart & Accessories, Commission, Scrap, Export Incentives, Other Operating Revenue and Other Services for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2905.88 Crore, up 25.82 % from last quarter Total Income of Rs 2309.55 Crore and up 247.47 % from last year same quarter Total Income of Rs 836.29 Crore. Company reported net profit after tax of Rs 93.81 Crore in latest quarter.

Investment Rationale
Fresh breakout from a month-long consolidation range. Trading at a record high too.

Promoter/FII Holdings
Promoters held 56.08 per cent stake in the company as of 30-Sep-2022, while FIIs owned 13.24 per cent, DIIs 18.97 per cent.