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Last Updated : Aug 14, 2019 01:52 PM IST | Source: Moneycontrol.com

Buy Ratnamani Metals and Tubes; target of Rs 1150: Sharekhan

Sharekhan is bullish on Ratnamani Metals and Tubes has recommended buy rating on the stock with a target price of Rs 1150 in its research report dated August 09, 2019.

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Sharekhan's research report on Ratnamani Metals and Tubes


We remain Positive on RMTL due to its strong balance sheet, its ability to generate superior return ratios despite capacity expansion programmes. Management provided revenue guidance of Rs 2800-3000 crores for FY2020 and Rs 3600 crores for FY2021 along with margin guidance of 16-18%. RMTL reported mixed set of results, with revenue miss offset by higher-than-expected margins.


Outlook


We maintain our Buy rating on Ratnamani Metals & Tubes Limited (RMTL) with a PT of Rs. 1,150.


For all recommendations report, click here


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First Published on Aug 14, 2019 01:52 pm
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