has buy call on (India) with a target price of Rs 380. The current market price of EID Parry (India) Ltd. is Rs 358.5.
EID Parry (India) Ltd., incorporated in the year 1975, is a Mid Cap company (having a market cap of Rs 6295.96 Crore) operating in Sugar sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 4694.67 Crore, down -19.75 % from last quarter Total Income of Rs 5849.87 Crore and up 14.12 % from last year same quarter Total Income of Rs 4113.98 Crore. Company reported net profit after tax of Rs 245.11 Crore in latest quarter.
Investment Rationale
EID Parry has formed a firm base around 320 and post that the stock has also formed an intermediate swing high around 350. The stock has now given a follow through buy to the base formation, also broking the swing high.
