Buy Nava Bharat Ventures, target price Rs 80: Yes Securities

Yes Securities has buy call on Nava Bharat Ventures Ltd. with a target price of Rs 80. The current market price of Nava Bharat Ventures Ltd. is Rs 72.9.

Nava Bharat Ventures Ltd., incorporated in the year 1972, is a Small Cap company (having a market cap of Rs 1138.55 Crore) operating in Diversified sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 709.90 Crore, up 5.48 % from last quarter Total Income of Rs 673.00 Crore and up 28.15 % from last year same quarter Total Income of Rs 553.95 Crore. Company reported net profit after tax of Rs 161.79 Crore in latest quarter.

Investment Rationale
Congestion breakout along with sustained move above important averages is likely to lift the stock till Rs 80 zone.