Sanwaria Agro (CMP: 7.9) post good numbers again. Revised target of 13.5.
We had earlier recommended Sanwaria Agro at 13.8 For a target of 19. SL 12.5.
Stock issued bonus in ratio of 1:1. Ex bonus reco price was 6.9. Target 9.5 SL 6.25.
With stock posting Earnings per share of 0.26 in Q1. (Annualised 0.26×4= 1.04). At fair Price to Earnings ratio at 13.
We revise our target price to 13×1.04= 13.52. SL 6.25. 3 months.
Stock is a potential multi-bagger.
Our earlier call on Sanwaria Agro: