Buy Rupa & Company; target of Rs 310: ICICI Direct
ICICI Direct is bullish on Rupa & Company has recommended buy rating on the stock with a target price of Rs 310 in its research report dated February 20, 2017.
ICICI Direct's research report on Rupa & Company
The stock currently trades at a market cap/sales multiple of 1.8x and 1.6x of FY18E and FY19E, respectively. Rupa’s gradual shift from mass segment products to premium segment products leads us to re-rate the stock with a BUY recommendation and target price of Rs 310 (2.0X FY19E market cap/sales).
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