Both these companies declared very good results for the June quarter
KAVERI SEED COMPANY LTD.
Turnover Rs.241 Cr v/s Rs.148 Cr
Net Profit Rs.47 Cr v/s Rs.31 Cr
EPS Rs. Rs.34.5 v/s Rs.23
ADVANTA INDIA LTD
Turnover Rs.225 Cr v/s Rs.175 Cr
Net Profit Rs.17 Cr v/s Rs.4 Cr
EPS Rs. Rs.10 v/s Rs.2.50
Since both these companies are in hybrid seeds segment and this industry is seasonal in nature ,it is not prudent to annualise the quarterly results based only on June quarter result.
Both these companies having huge potential in this space ,HOLD both for long term.
0 comments:
Post a Comment