The Economic Times daily newspaper is available online now.

    Buy Heritage Foods, target price Rs 595: ICICI Securities

    Synopsis

    Heritage Foods Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 1862.88 Crore) operating in FMCG sector.

    Buy
    Promoters held 39.49 per cent stake in the company as of 30-Sep-2021, while FIIs owned 3.47 per cent, DIIs 14.26 per cent.
    ICICI Securities has buy call on Heritage Foods with a target price of Rs 595. The current market price of Heritage Foods Ltd. is Rs 402.

    Time period given by analyst is one year when Heritage Foods Ltd. price can reach defined target.

    Heritage Foods Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 1862.88 Crore) operating in FMCG sector.

    Heritage Foods Ltd. key Products/Revenue Segments include Dairy And Food Processing, Sale of services and Other Operating Revenue for the year ending 31-Mar-2021.


    Financials
    For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 673.20 Crore, up 3.43 % from last quarter Total Income of Rs 650.90 Crore and up 10.04 % from last year same quarter Total Income of Rs 611.80 Crore. Company reported net profit after tax of Rs 32.72 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 39.49 per cent stake in the company as of 30-Sep-2021, while FIIs owned 3.47 per cent, DIIs 14.26 per cent.



    (Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
    The Economic Times

    Stories you might be interested in