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Buy V-Guard Industries; target of Rs 255: ICICI Direct

ICICI Direct is bullish on V-Guard Industries has recommended buy rating on the stock with a target price of Rs 255 in its research report dated February 04, 2021.

February 04, 2022 / 01:01 PM IST
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ICICI Direct's research report on V-Guard Industries

V-Guard is among India’s leading fast moving consumer electrical goods companies with market leadership position in the stabiliser business. The company has a wide portfolio of products ranging from switchgears, water heaters, stabilisers, fans and many more V-Guard has maintained strong return ratios with RoE and RoCE at ~18% and ~24%, respectively (three year’s average)


We maintain our BUY rating on the stock We value V-Guard at Rs 255 i.e. 35x P/E on FY24E EPS

For all recommendations report, click here


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first published: Feb 4, 2022 01:01 pm
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