Last Updated : Oct 26, 2020 03:45 PM IST | Source: Moneycontrol.com

Buy Atul; target of Rs 7500: Anand Rathi

Anand Rathi is bullish on Atul has recommended buy rating on the stock with a target price of Rs 7500 in its research report dated October 25, 2020.

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Anand Rathi 's research report on Atul


Atul’s Q2 revenue/EBITDA/PAT recovered well, rising 52%/65%/ 48% q/q even as low demand from certain user industries tempered its y/y performance. We are upbeat on its future performance, considering its greater focus on retail and branded products, ongoing capex to support revenue growth coupled with strong performances across business verticals, subsidiaries, Associates and JVs.


Outlook


We upgrade our recommendation to a Buy, at a target of Rs7,500 (earlier Rs5,550), valuing the stock at 25x FY23e EPS.


For all recommendations report, click here


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First Published on Oct 26, 2020 03:45 pm
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