Edelweiss is bullish on Vesuvius India has recommended buy rating on the stock with a target price of Rs 1378 in its research report dated February 28, 2017.
Edelweiss' report on Vesuvius India
With the company in a sweet spot we expect it to post strong sales and earnings CAGR of 15.4% and 20.8%, respectively, with 253bps RoCE expansion to 27.6% over CY16-18. Maintain ‘BUY’ with TP of INR 1,378 (22x CY18E EPS).
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