Mumbai News

Buy Bombay Burmah Trading Corporation, target price Rs 1250: Anand Rathi – Economic Times

Anand Rathi has buy call on with a target price of Rs 1250. The current market price of Bombay Burmah Trading Corporation is Rs 1007. Time period given by analyst is 3 months when Bombay Burmah Trading Corporation price can reach defined target. Anand Rathi recommended to keep stoploss at Rs 860.

Bombay Burmah Trading Corporation, incorporated in the year 1863, is a Mid Cap company (having a market cap of Rs 7023.94 Crore) operating in Holding Company sector.


For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 4588.18 Crore, up 16.77 % from last quarter Total Income of Rs 3929.32 Crore and up 19.66 % from last year same quarter Total Income of Rs 3834.50 Crore. Company has reported net profit after tax of Rs 477.08 Crore in latest quarter.

The company’s top management includes Mr.Nusli N Wadia, Mr.Ness N Wadia, Mrs.Gauri

, Dr.(Mrs.)Minnie Bodhanwala, Mr.Rajesh Batra, Dr.Y S P Thorat, Mr.Vinesh Kumar Jairath. Company has BSR & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 7 Crore shares outstanding.

Investment Rationale
The stock has been under pressure since quiet some time but at this juncture its trading near its crucial support. Previously the stock turned from this level and there was seen a rally towards Rs 1560. Furthermore, on the weekly chart it has established nice base near 940-960 levels together with volume growth at low levels which is looking lucrative.

Promoter/FII Holdings
Promoters held 65.93 per cent stake in the company as of 30-Sep-2022, while FIIs owned 7.63 per cent, DIIs 1.06 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.