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Last Updated : Dec 11, 2018 03:46 PM IST | Source: Moneycontrol.com

Buy Rico Auto Industries; target of Rs 95: Sharekhan

Sharekhan is bullish on Rico Auto Industries has recommended buy rating on the stock with a target price of Rs 95 in its research report dated December 10, 2018.

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Sharekhan's research report on Rico Auto Industries


Rico Auto Industries (RAI) has a robust order book valued at Rs. 4,800 crore (including Rs 1,200 crore of new orders) currently, executable over the next five to seven years. RAI margins are expected to improve 130 BPS over the next two years led by better mix, reduction in employee costs and operational efficiencies. RAI’s growth momentum is expected to remain strong; we expect 20% CAGR earnings over the next two years.


Outlook


We retain our Buy rating on the stock with an unchanged PT of Rs. 95.


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.




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First Published on Dec 11, 2018 03:46 pm
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