has buy call on with a target price of Rs 550. The current market price of CARE Ratings Ltd. is Rs 528.
CARE Ratings Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 1544.06 Crore) operating in Financial Services sector.
CARE Ratings Ltd., incorporated in the year 1993, is a Small Cap company (having a market cap of Rs 1544.06 Crore) operating in Financial Services sector.
Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 75.88 Crore, up 103.00 % from last quarter Sales of Rs 37.38 Crore and up 5.93 % from last year same quarter Sales of Rs 71.63 Crore Company reported net profit after tax of Rs 35.84 Crore in latest quarter.
Investment Rationale
Stock has given a golden crossover (89/200DEMA) on the daily chart.
Promoter/FII Holdings
Promoters held 58.5 per cent stake in the company as of June 30, 2020, while FIIs held 29.2 per cent, DIIs 23.7 per cent and public and others 47.1 per cent.
