Buy Equitas Holdings, target price Rs 81: Motilal Oswal

Buy Equitas Holdings, target price Rs 81:  Motilal Oswal

Motilal Oswal has buy call on Equitas Holdings with a target price of Rs 81. The current market price of Equitas Holdings Ltd. is Rs 76.35.

Equitas Holdings Ltd., incorporated in the year 2007, is a Mid Cap company (having a market cap of Rs 2549.75 Crore) operating in Holding Company sector.

For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 871.33 Crore, up 11.31 % from last quarter Sales of Rs 782.77 Crore and up 25.06 % from last year same quarter Sales of Rs 696.74 Crore Company reported net profit after tax of Rs 105.81 Crore in latest quarter.

Investment Rationale
Breakout on daily and weekly scale and a crossover of the 50 DMA over its 200 DMA

Promoter/FII Holdings
Promoters held 0 per cent stake in the company as of Sept 30, 2020, while FIIs held 20.7 per cent, DIIs 34.2 per cent and public and others 45.1 per cent.

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