ICICI Direct recommended hold rating on Butterfly Gandhimathi with a target price of Rs 165 in its research report dated February 14, 2017.
ICICI Direct's research report on Butterfly Gandhimathi
Uptick in institutional sales and improvement in margins in a highly competitive market would be critical for a re-rating of the stock. We have a HOLD recommendation with a target price of Rs 165 on the stock (based on 0.5x FY19E Market cap/sales).
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