Get App
Last Updated : Feb 10, 2017 03:45 PM IST | Source:

Buy HSIL; target of Rs 340: Arihant Capital

Arihant Capital is bullish on HSIL has recommended buy rating on the stock with a target price of Rs 340 in its research report dated February 07, 2017.

  • bselive
  • nselive
Todays L/H

Arihant Capital's research report on HSIL

Q3FY17 Net Revenue at Rs 474 crores was below our expectations. Company has shown weakness in revenue growth across segments. Sanitaryware and faucet both grew in single digit and PPD growth was declined and company has postponed the process of activating the 4th furnace mainly due to demonetisation impact on end user industry.


We remain “optimistic” on Building products segment and consumer appliances segment due to strengthening retail focus which is beginning to show signs of improvement. Penetration of faucets, sanitaryware and consumer appliances are revenue drivers. We value the stock at 19x FY18EPS, and assign a price target of Rs 340 with a “BUY” rating on the stock.

For all recommendations, click here

The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Exclusive offer: Use code "BUDGET2020" and get Moneycontrol Pro's Subscription for as little as Rs 333/- for the first year.

First Published on Feb 10, 2017 03:45 pm
Follow us on