Nilkamal has target of Rs 420: Kartik Mehta

Excerpts from Midcap Radar on CNBC-TV18 Watch the full show »

Mehta told CNBC-TV18, "Nilkamal is an interesting story. They are the market leader in both the business segment in which they are operating; one is a modular furniture space and second is material handling product. Company is going to see around 15-20% volume growth and with sustainable margins over the period of time there is equally 20-22%bottomline growth."

He further added, "Their lifestyle retailing furniture showroom that is @Home is going to see the turnaround by Q4. I think all these things are turning out the company and this company is trading at very attractive valuation of around 6.5 time forward multiple. So we are seeing a target price of around Rs 420."

Disclosure: We and our clients might be holding the above stock.