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Accumulate D P Abhushan; target of Rs 446: Arihant Capital

Arihant Capital recommended accumulate rating on D P Abhushan with a target price of Rs 446 in its research report dated January 21, 2022.

February 28, 2022 / 02:54 PM IST
 
 
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Arihant Capital's research report on D P Abhushan


D P Abhushan (DPAL) during its Q3FY22 reported another quarter of strong topline as well as bottom-line growth driven by festive and wedding season demand. However, some margins pressure was there during the quarter due to increased material cost. Sales of the company are expected to continue to be strong on the back of i) improved consumer sentiment, ii) Wedding season demand, iii) consumer shift from unorganized to organized jewellery players.


Outlook


We reiterate our Buy rating with a revised TP of INR 446.


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first published: Jan 27, 2022 10:08 pm
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