Buy Supreme Industries; Target Of Rs 1725: Sharekhan
Sharekhan is bullish on Supreme Industries has recommended buy rating on the stock with a target price of Rs 1725 in its research report dated October 28, 2020.
Nov 2, 2020 / 03:07 PM IST
Sharekhan's research repor on Supreme Industries
The company reported strong outperformance in revenues, OPM and net profitability in Q2FY2021. Cash surplus further improves. October till date continued to see y-o-y growth across all business verticals. The company remains optimistic on rural, tier III, tier IV economies along with demand generation from the affordable housing segment. SIL is one of the fastest to recover in post lock-down era in the building material space. The company will focus on appointing distributors, addition of products and deeper penetration.
We retain Buy on Supreme Industries with a revised PT of Rs. 1725, revising our FY2021E-FY2023E earnings estimates upwards and considering strong net earnings growth over FY2021E-FY2023E.
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.