Dividend stocks: Several stocks including Eicher Motors, CAMS, Hindalco, KPIT Tech, Varun Beverages, Bharat Electronics (BEL), J&K Bank, Coal India, IRCTC will trade ex-dividend next week. Watch this Visual Story to see the full list.
ICICI Securities has buy call on
Heritage Foods with a target price of Rs 400. The current market price of Heritage Foods Ltd. is Rs 338.85.
Heritage Foods Ltd. key Products/Revenue Segments include Dairy And Food Processing, Other Operating Revenue and Sale of services for the year ending 31-Mar-2020.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 622.90 Crore, up 2.79 % from last quarter Total Income of Rs 606.02 Crore and down -21.28 % from last year same quarter Total Income of Rs 791.33 Crore. Company reported net profit after tax of Rs 25.60 Crore in latest quarter.
The brokerage believes the reduction in milk procurement prices by Rs3- 4/Ltr in Q1FY22 is not sustainable and may benefit only in H1FY22. It models Heritage to report PAT CAGR of 8% over FY21-FY23. It maintains BUY with a target price of Rs400 (10x FY23E).
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