(Geojit Financial Services Limited identified from our end at 38-40 range for our target of 75 and 90. Once target hit will revised our target in three digit (100++). Now Share already hit our target 100++) Target Hit
Company Overview :
Geojit Financial Services Ltd was incorporated in the year 1994. It is listed on BSE and NSE. Company engaged in the business of Financial Services Activities. Its market cap as on date 2306 crore and currently trading at 96.75 at NSE and 96.95 at BSE. Company is debt free with zero promoter pledge and giving good quarterly profit. Stock is providing a good dividend yield of 3.62%. Stock price gained more than 25% in last one month. Now its immediate Resistance (R1 : 103.25, R2: 107.10 and R3 : 115.25) and immediate support at ( S1 : 90.25, S2: 84.55 and S3: 75.50)
Financial Views
Geojit Financial Services Limited Board approved its audited financial results for the Q4 FY 21 on 15th May 2021. Company has reported a 95% rise in net profit at 36.76 crore for the fourth quarter as against Rs. 18.83 crore in the last financial year.
The consolidate revenue of the company in the fourth quarter of Financial year 2021 has rised by 48% to Rs. 122.56 crore as against Rs 82.68 crore in the same quarter of last financial year.
The Net Profit of company has rise up by 163% to Rs 123.45 crore in comparison to Rs 46.93 crore in FY 20.
Dividend Announcement
The Board has recommended a final dividend of Rs. 02 per share for the FY 20-21 and board had declared an interim dividend of Rs 1.5 per share in Nov 2020. So we can say that, Investor got total dividend of Rs 3.50 per share for the FY 20-21. Ex-Dividend on 19th Jul 21 (Rs. 2.00 Per Share (200% Final dividend)
Long Term Views
During the Pandemic, In Last one year specially from march 20 to till date was challenging but company reported excellent profit in Q3 as well as Q4 for the FY21 and expecting give good Q1 Result. We are expecting more growth ahead in the broking companies. During Lockdown period, Company added 66,000 fresh clients and now company has 12.25 lakh demat account till date.
For Free Opening of Demat & Trading Account use following Link are appended below : –
Zerodha : https://zerodha.com/open-account?c=ZMPOUL
Upstox : https://upstox.com/open-account/?f=HBRR
Astha : https://asthatrade.com/?c=VwoCj
Angel Broking : https://tinyurl.com/yx9gw7db
Our Views on stock
Geojit Financial Services Limited identified from our end at 38-40 range for our target of 75 and 90. Once target hit will revised our target in three digit (100++). Now Share already hit our target 100++ but still thinking it will give good quarterly result in this year. Company has delivered good profit growth of 26.61% CAGR over last 05 years. Company has been Maintaining a healthy dividend payout of 82.30%. Now Our target revised to 135 ,165 and 200 for FY 21-22.
Note: – Rakesh Jhunjhunwala holding 7.6 % highest public shareholders.
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Salute for ur hard work,, again thank you so much ,
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