you are here: HomeNewsBusiness

Buy Finolex Cables; target of Rs 475: Sharekhan

Sharekhan is bullish on Finolex Cables has recommended buy rating on the stock with a target price of Rs 475 in its research report dated February 17, 2021.

February 19, 2021 / 03:16 PM IST
buy_93631531

buy_93631531

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on Finolex Cables


Steady quarter led by strong revenue growth better than estimates along with stable operating profit margins and PAT which remained in line with estimates. Expect better FY2022 as cables and wires sees improvement with rising infrastructure investments and scaling of its FMEG business with improving demand and expect revenues to improve on better volumes. Finolex’s strong balance sheet and net cash position remains its salient features.


Outlook


We retain Buy on Finolex cables with a revised PT of Rs. 475 considering its reasonable valuation and improving growth outlook.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Feb 19, 2021 03:16 pm

stay updated

Get Daily News on your Browser
Sections