Yes Securities is bullish on Control Print Ltd has recommended accumulate rating on the stock with a target price of Rs 560 in its research report dated March 05, 2018.
Yes Securities' research report on Control Print Ltd
Control Print Limited (CPL) is involved in the coding and marking (C&M) industry. The company manufactures and sells C&M systems and other related supplies catering to the needs of various industries such as foods, beverages, FMCG, agrochemicals, seeds, cables/ wires, pipes, extruded plastics, textiles, steel/ metal, pharmaceuticals, cement, plywood, amongst others.
OutlookTo add to this, the industry enjoys fairly high entry barriers and a sticky business model which provides good revenue visibility. We initiate coverage on CPL with ACCUMULATE view and a TP of INR 560 from a 2 to 3 year perspective.
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