Sharekhan's research report on Ramkrishna Forgings
Reported slightly better than expected operating performance in Q3FY24 based on a strong show in domestic business. Aiming to outperform the market despite challenging business situation.
Outlook
We reiterate our Buy rating on Ramakrishna Forgings Limited with a revised PT of Rs. 888 because of its inorganic growth plan, diversification strategies, and sustainable operating performance. Stock trades at P/E multiple of 23.6x and EV/ EBITDA multiple of 11.9x its FY26E estimates.
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.
