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Buy Iris Clothings; target of Rs 303: Profitmart Securities

Profitmart Securities is bullish on Iris Clothings has recommended buy rating on the stock with a target price of Rs 303 in its research report dated April 18, 2022.

April 18, 2022 / 05:39 PM IST
 
 
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Profitmart Securities research report on Iris Clothings


Founded in the year 2004, Iris Clothings Limited (ICL) is a fast-growing readymade garment company, that is primarily engaged in designing, manufacturing, branding and selling garments for kids wear under its brand name DOREME in India. ICL’s product range includes affordable and good quality apparels for infants, toddlers and children in their pre-teens, serving both their indoor and outdoor requirements. ICL has 9 manufacturing facilities spread across Howrah, West Bengal with a manufacturing capacity of 9 million units per annum and has a complete in-house integrated infrastructure right from the design conceptualisation, manufacturing, branding and selling of finished goods to wholesalers.



Outlook


Hence, we believe that the ICL stock should be purchased at the current price, for a price target of around Rs 303 over the next 18 months.

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At 17:30 was quoting at Rs 0.00, down Rs 0.00, or 0.00 percent.


It has touched an intraday high of Rs 0.00 and an intraday low of Rs 0.00.


It was trading with volumes of shares, compared to its thirty day average of shares, a decrease of percent.


In the previous trading session, the share closed down 100.00 percent or Rs 0.00 at Rs 0.00.


The share touched its 52-week high Rs 0.00 and 52-week low Rs 0.00 on and , respectively.


Currently, it is trading 0 percent below its 52-week high and 0 percent above its 52-week low.


Market Cap N.A.


For all recommendations report, click here


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first published: Apr 18, 2022 05:39 pm
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