Buy Aditya Birla Fashion and Retail, target price Rs 295: Yes Securities

Yes Securities has buy call on Aditya Birla Fashion and Retail with a target price of Rs 295. The current market price of is Rs 268.9. Time period given by analyst is Intra Day when . price can reach defined target.

Aditya Birla Fashion and Retail Ltd., incorporated in the year 2007, is a Large Cap company (having a market cap of Rs 25242.21 Crore) operating in Retail sector.

Aditya Birla Fashion and Retail Ltd. key Products/Revenue Segments include Apparels, Homemart & Accessories, Commission, Scrap, Export Incentives, Other Operating Revenue and Other Services for the year ending 31-Mar-2021.

Financials

For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 2309.55 Crore, down -23.31 % from last quarter Total Income of Rs 3011.40 Crore and up 25.57 % from last year same quarter Total Income of Rs 1839.24 Crore. Company reported net profit after tax of Rs 30.76 Crore in latest quarter.

Investment Rationale
Bullish patterns of double top buy, turtle & ABC breakout on P&F chart suggests upmove to continue.


Promoter/FII Holdings
Promoters held 56.09 per cent stake in the company as of 30-Jun-2022, while FIIs owned 13.24 per cent, DIIs 19.57 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.

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