Getty ImagesICICI Direct has buy call on Sanghvi Movers with a target price of Rs 230. The current market price of Sanghvi Movers Ltd. is Rs 194.65. Time period given by analyst is three months when Sanghvi Movers Ltd. price can reach defined target.
Sanghvi Movers Ltd., incorporated in the year 1989, is a Small Cap company (having a market cap of Rs 842.38 Crore) operating in Industrial Equipment sector.
Financials
For the quarter ended 31-03-2021, the company reported a Standalone Total Income of Rs 89.77 Crore, up 49.97 % from last quarter Total Income of Rs 59.86 Crore and up 18.07 % from last year same quarter Total Income of Rs 76.03 Crore. Company reported net profit after tax of Rs 7.80 Crore in latest quarter.
Investment Rationale
The infra sector has relatively underperformed the benchmark over the past couple of years. Within the infra space, Sanghavi Movers has witnessed a structural turnaround as it logged a resolute breakout from five year’s downward sloping trend line backed by robust volumes, indicating conclusion of five years corrective phase, auguring well for acceleration of upward momentum.
Sanghvi Movers Ltd., incorporated in the year 1989, is a Small Cap company (having a market cap of Rs 842.38 Crore) operating in Industrial Equipment sector.
Financials
For the quarter ended 31-03-2021, the company reported a Standalone Total Income of Rs 89.77 Crore, up 49.97 % from last quarter Total Income of Rs 59.86 Crore and up 18.07 % from last year same quarter Total Income of Rs 76.03 Crore. Company reported net profit after tax of Rs 7.80 Crore in latest quarter.
Investment Rationale
The infra sector has relatively underperformed the benchmark over the past couple of years. Within the infra space, Sanghavi Movers has witnessed a structural turnaround as it logged a resolute breakout from five year’s downward sloping trend line backed by robust volumes, indicating conclusion of five years corrective phase, auguring well for acceleration of upward momentum.
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