The Economic Times daily newspaper is available online now.

    Buy Somany Ceramics, target price Rs 770: HDFC Securities

    Synopsis

    Somany Ceramics Ltd., incorporated in the year 1968, is a Small Cap company (having a market cap of Rs 2361.57 Crore) operating in Building Materials sector.

    Somany CeramicsReuters
    Promoters held 54.78 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.43 per cent, DIIs 20.44 per cent.
    HDFC Securities has buy call on Somany Ceramics with a target price of Rs 770. The current market price of Somany Ceramics is Rs 556.45. Time period given by analyst is one year when Somany Ceramics Ltd. price can reach defined target.

    Somany Ceramics Ltd., incorporated in the year 1968, is a Small Cap company (having a market cap of Rs 2361.57 Crore) operating in Building Materials sector.

    Somany Ceramics Ltd. key Products/Revenue Segments include Ceramic Floor & Wall Tiles, Other Operating Revenue, Scrap and Export Incentives for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 563.10 Crore, down -8.92 % from last quarter Total Income of Rs 618.24 Crore and up 67.82 % from last year same quarter Total Income of Rs 335.53 Crore. Company reported net profit after tax of Rs 19.36 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 54.78 per cent stake in the company as of 30-Jun-2022, while FIIs owned 2.43 per cent, DIIs 20.44 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