Moneycontrol
Get App
Last Updated : Dec 19, 2018 03:33 PM IST | Source: Moneycontrol.com

Century Plyboards climbs 4% as CLSA sees strong earnings growth going ahead

The stock plunged 45 percent in last on one year. CLSA said valuations are reasonable at 17x FY20 against a strong return on equity profile.

 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Century Plyboards shares rallied 4 percent intraday Wednesday after global research firm CLSA expects strong earnings growth going ahead with good fresh cash flow generation.

While retaining buy call on the stock with a target price at Rs 210, the investment firm said it expects 17 percent EPS CAGR over FY18-21 with good free cash flow generation.

The stock plunged 45 percent in last on one year. CLSA said valuations are reasonable at 17x FY20 against a strong return on equity profile.

Close

Margin pressures are easing but MDF oversupply remains a key overhang, it feels. "Recent price hikes and improving utilisation should aid near-term margin recovery," it said.

At 15:22 hours IST, the stock was quoting at Rs 183.80, up Rs 6.25, or 3.52 percent on the BSE.

Disclaimer: The above report is compiled from information available on public platforms. Moneycontrol advises users to check with certified experts before taking any investment decisions.

Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year.

First Published on Dec 19, 2018 03:33 pm
Sections
Follow us on