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    Buy Gravita India, target price Rs 445: Emkay Global

    Synopsis

    Gravita India Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 2467.76 Crore) operating in Metals - Non Ferrous sector.

    buy, sellGetty Images
    Promoters held 73.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 1.13 per cent, DIIs 0.14 per cent.
    Emkay Global has buy call on Gravita India with a target price of Rs 445. The current market price of Gravita India Ltd. is Rs 358.4.

    Gravita India Ltd., incorporated in the year 1992, is a Small Cap company (having a market cap of Rs 2467.76 Crore) operating in Metals - Non Ferrous sector.

    Gravita India Ltd. key Products/Revenue Segments include Lead, Aluminium, Plastics, Turnkey Project, Export Incentives, Scrap, Others, Sale of services, Job Work for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 689.61 Crore, up 9.46 % from last quarter Total Income of Rs 630.01 Crore and up 25.32 % from last year same quarter Total Income of Rs 550.26 Crore. Company reported net profit after tax of Rs 44.98 Crore in latest quarter.


    Promoter/FII Holdings
    Promoters held 73.0 per cent stake in the company as of 30-Jun-2022, while FIIs owned 1.13 per cent, DIIs 0.14 per cent.



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    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
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