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Last Updated : Nov 12, 2019 11:05 AM IST | Source: Moneycontrol.com

Buy Century Plyboards (India) target of Rs 213: Sharekhan

Sharekhan is bullish on Century Plyboards (India) has recommended buy rating on the stock with a target price of Rs 213 in its research report dated November 11, 2019.

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Sharekhan's research report on Century Plyboards (India)


In Q2FY2020, Century reported healthy growth in net earnings led by strong operational performance in its laminate and MDF divisions. Management retained segment-wise guidance for key verticals with expectations of double-digit revenue growth for FY2020. Management plans to expand MDF and particle board capacities in UP. and expects to commence unit in 12-15 months.


Outlook


We maintain Buy on Century Ply boards (Century) with an unchanged PT of Rs. 213, owing to attractive valuations and healthy net earnings growth during FY2019-FY2021E.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



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First Published on Nov 12, 2019 11:05 am
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