Time period given by analyst is Intra Day when Carborundum Universal Ltd. price can reach defined target.
Carborundum Universal Ltd., incorporated in the year 1954, is a Mid Cap company (having a market cap of Rs 18626.24 Crore) operating in Industrial Consumables sector.
Carborundum Universal Ltd. key Products/Revenue Segments include Abrasives, Ceramics, Electro Minerals, Sale of services, Export Incentives, Service Income, Scrap, Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 853.38 Crore, up 18.32 % from last quarter Total Income of Rs 721.27 Crore and up 21.57 % from last year same quarter Total Income of Rs 701.95 Crore. Company reported net profit after tax of Rs 96.98 Crore in latest quarter.
Investment Rationale
Has given a flag patternbreakout on daily chart
Promoter/FII Holdings
Promoters held 41.96 per cent stake in the company as of 30-Sep-2021, while FIIs owned 12.1 per cent, DIIs 24.24 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
