Buy Century Plyboards: Jagannadham Thunuguntla

Jagannadham Thunuguntla, Head of Research at Karvy Stock Broking told CNBC-TV18, "Century Plyboards is a household name in terms of plywood. So the company has been growing reasonably well and the EBITDA margins are quite healthy and the return on equities (ROE) is behind 30 percent, which is quite remarkable number.""Once the construction demand picks up, both on the distribution side as well as the commercial side, Century Ply will be a clear beneficiary. So it features in the top two names in the segment and we are giving a buy on that with a target of Rs 225," he added.