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Buy GNA Axles; target of Rs 1121: Sharekhan

Sharekhan is bullish on GNA Axles has recommended buy rating on the stock with a target price of Rs 1121 in its research report dated March 10, 2023.

March 13, 2023 / 04:27 PM IST
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Sharekhan's research report on GNA Axles

With a stable outlook, management is appearing to be focussing more on profitability than plain vanilla top-line growth. GNA is aiming for a sustainable EBITDA margin of 14.5-15.0%. We believe management guidance is realistic and achievable. The stock is trading at a P/E multiple of 11.9x and EV/EBITDA multiple of 6.7x of its FY2025E estimates.


We reiterate our Buy rating on GNA Axles (GNA) with a revised PT of Rs. 1,121 on expectations of consistency in performance.

For all recommendations report, click here

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GNA Axles - 13 -03 - 2023 - khan

Broker Research
first published: Mar 13, 2023 04:27 pm