Centrum is bullish on Essel Propack has recommended buy rating on the stock with a target price of Rs 293 in its research report dated February 08, 2017.
Centrum's research report on Essel Propack
We initiated coverage on EPL on 17th Jan at Rs 244 with a Buy Rating. Q3 numbers appear to be a temporary blip as we believe that long term growth triggers are still intact. We continue to rate the stock at Buy and maintain our target price of Rs 293 (18x Sept’18 EPS). In the post result concall, the management expects India growth to recover to ~15% and improved traction in America and East Asia-Pac (EAP) region going ahead.
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