Buy Aditya Birla Nuvo Ltd. target Rs 1680.0 : Manav Chopra
Manav Chopra of Monarch Networth Capital has a buy call on Aditya Birla Nuvo Ltd. with a target price of Rs 1680.The current market price of Aditya Birla Nuvo Ltd. is Rs 1619.4. The time period given by the analyst is Intra Day when Aditya Birla Nuvo Ltd. price can reach defined target. Manav Chopra recommended to keep stop loss at Rs 1580.
Aditya Birla Nuvo Ltd., incorporated in the year 1956, is a Large Cap company (having a market cap of ₹ 20315.39 Cr.) operating in Textiles sector.
Aditya Birla Nuvo Ltd. key Products/Revenue Segments include Urea which contributed ₹ 2131.02 cr to Sales Value (37.64 % of Total Sales), Yarn (Viscose Filament Rayon) which contributed ₹ 782.36 Cr to Sales Value (13.81 % of Total Sales), Insulators which contributed ₹ 624.66 Cr to Sales Value (11.03 % of Total Sales), Yarn which contributed ₹ 412.40 Cr to Sales Value (7.28 % of Total Sales), Worsted Yarn which contributed ₹ 348.16 Cr to Sales Value (6.14 % of Total Sales), Fabric which contributed ₹ 348.11 Cr to Sales Value (6.14 % of Total Sales), Tops Wool which contributed ₹ 346.84 Cr to Sales Value (6.12 % of Total Sales), Caustic Soda which contributed ₹ 196.46 Cr to Sales Value (3.47 % of Total Sales), Agrochemicals which contributed ₹ 157.11 Cr to Sales Value (2.77 % of Total Sales), Seeds which contributed ₹ 98.57 Cr to Sales Value (1.74 % of Total Sales), Customised Fertiliser which contributed ₹ 60.90 Cr to Sales Value (1.07 % of Total Sales), Speciality Fertilizers which contributed ₹ 52.93 Cr to Sales Value (0.93 % of Total Sales), Sulphuric Acid which contributed ₹ 24.63 Cr to Sales Value (0.43 % of Total Sales), Export Incentives which contributed ₹ 23.89 Cr to Sales Value (0.42 % of Total Sales), Others which contributed ₹ 22.82 Cr to Sales Value (0.40 % of Total Sales), Scrap which contributed ₹ 14.74 Cr to Sales Value (0.26 % of Total Sales), Sale of services which contributed ₹ 6.57 Cr to Sales Value (0.11 % of Total Sales), Other Operating Revenue which contributed ₹ 5.24 Cr to Sales Value (0.09 % of Total Sales), Ammonia which contributed ₹ 3.94 Cr to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2016.
For the quarter ended 31-12-2016, the company has reported a Consolidated sales of ₹ 3262.58 Cr., down -4.52% from last quarter Sales of ₹ 3417.03 Cr. and up 10.41% from last year same quarter Sales of ₹ 2954.96 Cr. Company has reported net profit after tax of ₹ 199.04 Cr. in latest quarter. The company’s CEO is Mr.Lalit Naik. It’s Board of Directors include Mr.B R Gupta, Mr.Kumar Mangalam Birla, Mr.P Murari, Mr.S C Bhargava, Mr.V Chandrasekharan, Mrs.Rajashree Birla, Ms.Tarjani Vakil, Mr.Ajay Srinivasan, Mr.Ashok Malu, Mr.Himanshu Kapania, Mr.Rahul Kohli, Mr.Raj Narayanan, Mr.Rohit Pathak, Mr.S Krishnamoorthy, Mr.Shriram Jagetiya, Mr.Thomas Varghese, Mrs.Pinky Mehta, Mr.Ashok Malu. Company has its registered office at Indian Rayon Compound, Vervala, 362266, Gujarat. Company has SRBC & Co LLP as its auditors. As on 31-03-2017, the company has a total of 130,256,073 shares outstanding.
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