Kotak Securities is bullish on Carborundum Universal Ltd has recommended buy rating on the stock with a target price of Rs 418 in its research report dated February 20, 2018.
Kotak Securities's research report on Carborundum Universal Ltd
CUMI Q3FY18 result was in line with our estimate. Volumes across divisions have started to pick up with exception to channel abrasives, severed by GST rollout. Industrial ceramics and EMD division have been witnessing rising demand across geographies. Company’s Russian subsidiary VAW reported significant volume led growth in the quarter.
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