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Buy GNA Axles; target of Rs 930: Sharekhan

Sharekhan is bullish on GNA Axles has recommended buy rating on the stock with a target price of Rs 930 in its research report dated January 31, 2023.

February 02, 2023 / 04:43 PM IST
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Sharekhan's research report on GNA Axles

Q3FY2023 performance was above expectations as Revenue, EBITDA, and PAT were 4.7%,13.0% and 8.4% ahead of estimates 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 at P/E of 10x and EV/EBITDA of 5.4x its FY2025E estimates.


We maintain our Buy rating on GNA Axles Limited (GNA) with an upward revised PT of Rs. 930, 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 - 01 -01-2023 - khan

Broker Research
first published: Feb 2, 2023 04:43 pm