Sunidhi Securities & Finance has recommended a buy rating on Zuari Industries with a target price of Rs 475 in its September 29, 2009 research report. At 11:27 am the share was quoting at Rs 385.75, up Rs 7.70, or 2.04%.
"The wide variety and reach of the group's companies has enabled Zuari to diversify into several related and unrelated sectors. Today, Zuari has established itself as a key brand in sectors such as furniture, oil tanking, seeds, and investments, apart from agricultural inputs. ZIL's various growth oriented subsidiaries and joint ventures, increasing revenues and profits, strong fundamentals and bright prospects of the industry give strong visibility to revenue & profitability. We recommend 'BUY' with a target price of Rs 475 in the medium term," says Sunidhi Securities & Finance's research report.
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