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Buy GNA Axles; target of Rs 841: Sharekhan

Sharekhan is bullish on GNA Axles has recommended buy rating on the stock with a target price of Rs 841 in its research report dated October 25, 2022.

October 27, 2022 / 11:06 AM IST
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Sharekhan's research report on GNA Axles

Q2FY2023 results exceeded expectations on higher sales, leading to upbeat revenue, EBITDA, and PAT by 8.6%, 12.6% and 18.8%, respectively. GNA’s growth prospects remain positive, led by strong momentum in the CV and farm sector sales in India and globally. The stock is trading below its historical average multiples at P/E of 10x and EV/EBITDA of 5.7x its FY2024E.


We maintain our Buy rating on GNA Axles Limited (GNA) with a revised PT of Rs. 841, led by a positive outlook for the CV and farm sectors and an attractive valuation.

For all recommendations report, click here

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GNA Axles - 261022 - khan

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first published: Oct 27, 2022 11:06 am