KR Choksey has recommended accumulate rating on Monte Carlo Fashions with a target price of Rs 453 in its research report dated February 13, 2017.
KR Choksey's research report on Monte Carlo Fashions
We forecast around 5% growth in FY18E & FY19E. EBIDTA and PAT margins to be stable in FY18E & FY19E. We value the company at EPS of INR 36.9 it’s FY19E and recommend “ACCUMULATE” rating on the stock with a target of INR 453 and a potential upside of 14.1%.
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