Emkay has initiated coverage on Shankara Building Products with a buy rating and a target of Rs 1,780.
In an interview to CNBC-TV18, Siddhartha Mundhra, CEO of Shankara Building Products spoke about the latest happenings in the company and his outlook going ahead.
Festive season is generally softer period for us, said Mundhra.
On same-store-sales front, he aims to maintain double-digit growth through the year.
According to him, early trends from goods and services tax (GST) indicate more movement towards formal economy.
Will continue to focus on south India for the near term, he said.
Watch accompanying video for more details.
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