Moneycontrol

Budget 2021

Associate Partners:

  • SMC
  • Samsung
  • Volvo

Moneycontrol

Budget 2021

Associate Partners:

  • SMCSamsungVolvo
Webinar :Join an expert panel for a webinar on Smart investments for a secure retirement January 28, 2021. Register now!

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
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

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.


Outlook


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.

Broker Research
first published: Jan 7, 2021 03:29 pm

stay updated

Get Daily News on your Browser
Sections