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Budget 2021

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Budget 2021

Associate Partners:

  • SMCSamsungVolvo
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Buy Century Plyboards (India): target of Rs 295: Sharekhan

Sharekhan is bullish on Century Plyboards (India) has recommended buy rating on the stock with a target price of Rs 295 in its research report dated January 07, 2020.

January 08, 2021 / 03:07 PM IST
 
 
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Sharekhan's research report on Century Plyboards (India)


Healthy residential realty launches and sales across India in Q3FY2021 to benefit its Plywood and laminates business. Centre's focus on affordable housing and various state government incentives to the residential housing sector is expected to maintain growth momentum. Capex in MDF space to provide next leg of growth. Strong balance sheet and healthy cash flow generation capabilities.



Outlook


We retain a Buy on Century Plyboards Limited (Century) with a revised PT of Rs. 295.


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.

Broker Research
first published: Jan 8, 2021 03:07 pm

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