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ICICI Direct has buy call on Filatex India with a target price of Rs 75. The current market price of Filatex India Ltd. is Rs 68.05.
Filatex India Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 1500.46 Crore) operating in Textiles sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 723.39 Crore, up 42.05 % from last quarter Total Income of Rs 509.25 Crore and down 2.13 % from last year same quarter Total Income of Rs 739.17 Crore. Company reported net profit after tax of Rs 66.04 Crore in latest quarter.
Investment Rationale
The brokerage expects the stock to continue with its current positive momentum and head towards Rs 75 levels as it the 123.6% external retracement of the recent breather (Rs 72 to 55) placed at Rs 75 levels.
Filatex India Ltd., incorporated in the year 1990, is a Small Cap company (having a market cap of Rs 1500.46 Crore) operating in Textiles sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 723.39 Crore, up 42.05 % from last quarter Total Income of Rs 509.25 Crore and down 2.13 % from last year same quarter Total Income of Rs 739.17 Crore. Company reported net profit after tax of Rs 66.04 Crore in latest quarter.
Investment Rationale
The brokerage expects the stock to continue with its current positive momentum and head towards Rs 75 levels as it the 123.6% external retracement of the recent breather (Rs 72 to 55) placed at Rs 75 levels.
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...moreDownload 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
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