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Sell Godfrey Philips India, target Rs 980: Dr CK Narayan

Sell Godfrey Philips India Ltd. at a price target of Rs 980.0 and a stoploss at Rs 1005 from entry point.|
Updated: May 30, 2019, 09.36 AM IST
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Dr CK Narayan of Chart Advise has a sell call on Godfrey Philips India Ltd. with a target price of Rs 980. The current market price of Godfrey Philips India Ltd. is Rs 992.4. Time period given by the analyst is Intra Day when Godfrey Philips India Ltd. price can reach the defined target. Dr CK Narayan recommended to keep stoploss at Rs 1005. Godfrey Philips India Ltd., incorporated in 1936, has a market cap of Rs 5159.88 crore.

Godfrey Philips India Ltd. key Products/Revenue Segments include Cigarettes which contributed Rs 2846.24 Crore to Sales Value (98.94 % of Total Sales), Other Operating Revenue which contributed Rs 27.30 Crore to Sales Value (0.94 % of Total Sales), Export Incentives which contributed Rs 3.13 Crore to Sales Value (0.10 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Standalone sales of Rs 650.27 Crore, up 4.27 % from last quarter Sales of Rs 623.65 Crore and up 13.61 % from last year same quarter Sales of Rs 572.38 Crore Company has reported net profit after tax of Rs 78.46 Crore in latest quarter. The company’s top management includes Dr.Lalit Bhasin, Mr.Anup N Kothari, Mr.AtuI Kumar Gupta, Mr.K K Modi, Mr.R A Shah, Mr.Ruchir Kumar Modi, Mr.Samir Modi, Mr.Sharad Aggarwal, Mrs.Bina Modi. Company has S R Batliboi & Co. LLP as its auditoRs As on 31-03-2019, the company has a total of 51,993,920 shares outstanding.

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