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Buy Kajaria Ceramics; target of Rs 1185: ICICI Direct

ICICI Direct is bullish on Kajaria Ceramics has recommended buy rating on the stock with a target price of Rs 1185 in its research report dated August 04, 2021.

August 10, 2021 / 12:00 PM IST
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ICICI Direct's research report on Kajaria Ceramics

Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India with current annual capacity of 70.4 million square metre (MSM). The company has announced a large capex of Rs 250 crore (seeing strong demand and higher utilisation) in FY22, which will increase its overall capacity by 18% and generate ~Rs 500 crore worth of additional revenue


We maintain our BUY rating on the company We value Kajaria at Rs 1185/share.

For all recommendations report, click here

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

Broker Research
first published: Aug 10, 2021 12:00 pm

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