Bhagwati Banquets has target of Rs 120: Kapadia

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Bhagwati Banquets has target of Rs 120: Kapadia

Ranjit Kapadia, Head of Research of PCG, Prabhudas Lilladher is of the view that Bhagwati Banquets has target of Rs 120. It is in the three big businesses. Now all three businesses are integrated into a single company and it helps the company against the vagaries of each individual business.

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Excerpts from Markets Midday on CNBC-TV18 Watch the full show » ALSO READ See previous views by Ranjit Kapadia See what other Experts & Brokerages are saying about Bhagwati Banque See messages about Bhagwati Banque Bhagwati Banque BSE | NSE 31/05/12 Are Mutual Funds betting on Bhagwati Banque?

Ranjit Kapadia , Head of Research of PCG, Prabhudas Lilladher is of the view that Bhagwati Banquets has target of Rs 120. It is in the three big businesses. Now all three businesses are integrated into a single company and it helps the company against the vagaries of each individual business.

Kapadia told CNBC-TV18, "Bhagwati Banquets and Hotels is in the three big businesses one is a banqueting facility, secondly the hotel facility and the third is a catering. Now all these three businesses are integrated into a single company and it helps the company against the vagaries of each individual business and the company has taken clubbed F&B facility for three allied clubs of Ahmedabad namely Rajpat Club, Gujarat Cricket Association and it has also taken Patang Restaurant of F&B facility so it reduces the risk of the main business. It has a centralized kitchen, which reduces the cost so the margins are likely to improve dramatically over the years. I am setting a target of Rs 120 for this scrip."

Disclosures: Analyst holds Parekh Aluminex.