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Last Updated : Nov 02, 2018 12:38 PM IST | Source: Moneycontrol.com

Buy Everest Industries; target of Rs 575: Anand Rathi

Anand Rathi is bullish on Everest Industries has recommended buy rating on the stock with a target price of Rs 575 in its research report dated October 29, 2018.

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Anand Rathi's research report on Everest Industries


Buttressed by the better performance of its BP and SB divisions, Everest reported a good performance. With the widest range of roofing products, its continuous focus on launching variants with value-added features and its improving operating efficiency, it would continue to benefit from rising demand. Rising raw material and crude oil prices, however, and a depreciating rupee would be matters of concern. We have a Buy rating on the stock, with a higher TP of `575.


Outlook


With the good Q2 performance, we expect the growth trend to persist. We have a Buy rating. Assigning a PE of 12x FY20e EPS, we arrive at a target of `575.


For all recommendations report, click here


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First Published on Nov 2, 2018 12:38 pm
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