CD Equisearch's research report on Jyoti Resins and Adhesives
Jyoti Resins & Adhesives is one of the leading manufacturers of white glue adhesives in the Indian retail market. It operates in the brand name of ‘Euro 7000’ which it launched in 2006 and has currently presence in 14 Indian states. Increasing Government support through projects like ‘Pradhan Mantri Awas Yojana’ under the scheme ‘Housing for All’ and projects related to promote smart cities have bolstered demand for woodworking in India in the past few years. Consumers’ inclination towards high quality and appealing wooden aesthetics have also helped accelerate growth in wood adhesives market. Rising demand for both commercial and residential projects (supported by growing urbanization) too has buoyed demand for wood adhesives.
Outlook
Balancing odds, we assign a ‘buy’ rating on the stock with a target of Rs 1764 based on 22x FY27e earnings, over a period of 9-12 months.
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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
