Buy Subros; target of Rs 384: Joindre Capital Services
Joindre Capital Services is bullish on Subros has recommended buy rating on the stock with a target price of Rs 384 in its research report dated December 03, 2018.
December 03, 2018 / 03:53 PM IST
Joindre Capital Services' research report on Subros
Subros Ltd is a joint venture with 40% ownership by Suri family and 13% each by Denso Corporation (Denso) and Suzuki Motor Corporation (SMC). Subros, is an integrated manufacturer and market leader for auto air-conditioning units and manufactures thermal products such as compressors, condensers, heat exchangers and all connecting elements required to complete AC loop for automotive applications. Subros caters to the Pvs, Buses, Trucks, Refrigeration Transport, off roaders, Railways & AC Manufacturers. SL has 4 plants located at Noida, 2 at Mannesar, 1 each at Pune, Chennai & Gujarat.
Hence we believe that the Subros stock should be purchased at the current price for a price target of around Rs 384 over the next 18 months.
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