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Buy Siyaram Silk Mills; target of Rs 610: ICICI Direct

ICICI Direct is bullish on Siyaram Silk Mills has recommended buy rating on the stock with a target price of Rs 610 in its research report dated August 10, 2022.

August 11, 2022 / 05:30 PM IST
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ICICI Direct's research report on Siyaram Silk Mills

Siyaram Silk Mills (SSML), a fabric and apparel manufacturer, has created a strong brand portfolio largely catering to Tier II & III towns. Siyaram’s brand portfolio consists of reputed brands like Siyaram (flagship brand), Oxemberg, MSD and J Hampstead • Over the last decade, the company has gradually expanded its fabric and garment capacities and simultaneously managed to reduce the debt/equity from 1.0x in FY12 to 0.3x in FY22.


We maintain BUY recommendation on the stock. We value SSML at Rs 610 i.e. 11x FY24E EPS.


For all recommendations report, click here

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Siyaram Silk Mills - 100822 -ic

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first published: Aug 11, 2022 05:30 pm
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