JM Financial NSE 6.33 % has buy call on FSN E-Commerce Ventures with a target price of Rs 1780. The current market price of FSN E-Commerce Ventures is Rs 1350.55. Time period given by analyst is one year when FSN E-Commerce Ventures Ltd price can reach defined target.
FSN E-Commerce Ventures Ltd., incorporated in the year 2012, is a Small Cap company (having a market cap of Rs 64256.75 Crore) operating in Services sector.
FSN E-Commerce Ventures Ltd. key Products/Revenue Segments include E-Commerce for the year ending 31-Mar-2022.
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1156.78 Crore, up 17.50 % from last quarter Total Income of Rs 984.46 Crore and up 40.78 % from last year same quarter Total Income of Rs 821.71 Crore. Company reported net profit after tax of Rs 5.69 Crore in latest quarter.
Investment Rationale Though Nykaa Fashion is only gaining market share slowly, the brokerage sees Nykaa BPC to continue dominating the competitive landscape and display operating leverage. It factors in a slightly lower than expected growth/margins in Fashion while Superstore business will also require investments over the near to medium term. This should, however, result in improved margins over a higher revenue base over the long-term. It continues to see Nykaa remaining a differentiated player with Sep’23 TP of INR 1,780. Key Risks: Investments by Reliance NSE -0.97 % group and Tata group bearing fruit in increased traction on their BPC/Fashion platforms.
Promoter/FII Holdings Promoters held 52.41 per cent stake in the company as of 30-Jun-2022, while FIIs owned 6.54 per cent, DIIs 2.96 per cent.
Source : https://economictimes.indiatimes.com/markets/stocks/recos/buy-fsn-e-commerce-ventures-target-price-rs-1780-jm-financial/articleshow/94090941.cms