Systematix is bullish on Indo Count Industries has recommended buy rating on the stock with a target price of Rs 170 in its research report dated February 16, 2017.
Systematix's research report on Indo Count Industries
We estimate ICNT’s revenue/net profit to post a CAGR of 10/14% during FY16-19e. We revise the target price to Rs 202 (earlier Rs 208), valued at 11x (average EPS for FY18e and FY19e) and maintain a Buy rating.
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