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Buy Greenlam Industries; target of Rs 1100: Sharekhan

Sharekhan is bullish on Greenlam Industries has recommended buy rating on the stock with a target price of Rs 1100 in its research report dated February 03, 2021.

February 09, 2021 / 10:50 PM IST
 
 
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Sharekhan's research report on Greenlam Industries


Greenlam is expected to ride on a strong growth trajectory led by its leadership positioning, strong domestic growth outlook and rising export opportunities. Brownfield capacity expansions would be the next leg of growth. Despite capex, balance sheet and return ratios would improve further. Structural growth drivers such as rising incomes, urbanisation, real estate construction, Atmanirbhar Bharat, etc, would provide long-term sustainable growth trajectory.


Outlook


We initiate coverage on Greenlam Industries Limited (GRLM) with a Buy rating and price target of Rs. 1100.


For all recommendations report, click here


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Broker Research
first published: Feb 9, 2021 10:50 pm

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