Buy Lux Industries; target of Rs 2574: Anand Rathi
Anand Rathi is bullish on Lux Industries has recommended buy rating on the stock with a target price of Rs 2574 in its research report dated March 16, 2021.
March 18, 2021 / 03:29 PM IST
Anand Rathi's research report on Lux Industries
With its healthy growth trajectory, we are upbeat on Lux’s long-term growth prospects for its strong brand equity, long-standing operations in innerwear and new launches. Its extension to casual wear and women’s wear via the proposed merger would unlock synergies that would further propel growth.
We initiate coverage on Lux Industries with a Buy rating and a TP of Rs2,574, based on 30x FY23e EPS of Rs85.80.
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