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Last Updated : Nov 02, 2018 12:47 PM IST | Source: Moneycontrol.com

Buy HIL; target of Rs 2763: Anand Rathi

Anand Rathi is bullish on HIL has recommended buy rating on the stock with a target price of Rs 2763 in its research report dated October 30, 2018.

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Anand Rathi's research report on HIL


Its sharper focus on cost optimisation, solution-centric approach and ramped-up pipe capacities led HIL to report a good performance. Its strong brand, optimised working capital, Parador acquisition and leading position in asbestos-based roofing and AAC blocks are other positives. We retain our Buy recommendation.


Outlook


We believe that HIL, with its leading position, expansion in a high-growth market and its better operating performance, will post a sturdy performance. We, therefore, retain our Buy rating, with a target of `2,763 at a 15x PE on FY20e.


For all recommendations report, click here


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First Published on Nov 2, 2018 12:47 pm
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