Buy Granules India: target of Rs 475: Sharekhan
Sharekhan is bullish on Granules India has recommended buy rating on the stock with a target price of Rs 475 in its research report dated January 06, 2020.
January 07, 2021 / 03:29 PM IST
Sharekhan's research report on Granules India
Granules is witnessing strong traction across segments, which is expected to sustain in the coming quarters as well. A favorable mix, operational efficiencies accruing would drive the margin expansion, which in turn would help company clock a 32% earnings CAGR over FY2020 to FY2023. Sturdy growth prospects, strong earnings visibility, healthy balance sheet and healthy return ratios augur well and could result in multiple re-rating.
We maintain a Buy on Granules India Limited (Granules) with an unchanged PT of Rs 475.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.