Buy Supreme Industries: target of Rs 2330: Sharekhan
Sharekhan is bullish on Supreme Industries has recommended buy rating on the stock with a target price of Rs 2330 in its research report dated February 19, 2021.
February 22, 2021 / 04:04 PM IST
Sharekhan's research report on Supreme Industries
PVC prices continued their upward trajectory for Q4FY2021 till date, which may lead to elevated OPM for Q4FY2021. The company’s long-term growth levers in terms of demand generation from rural, tier III, tier IV economies along with demand generation from the affordable housing segment remain intact. The company will focus on appointing distributors, addition of products, and deeper penetration. Capex of Rs. 400 crore has been earmarked for this year.
We retain Buy on Supreme Industries Limited (SIL) with a revised PT of Rs. 2,330, led by positive medium-term outlook along with strong net earnings growth over FY2021E-FY2023E.
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