Webinar :Register now for webinar on 'Trade BankNifty in just 15 minutes a day' - By Asmita Patel
Last Updated : Jul 30, 2020 03:50 PM IST | Source: Moneycontrol.com

Buy V-Guard Industries target of Rs 200 : Sharekhan

Sharekhan is bullish on V-Guard Industries has recommended buy rating on the stock with a target price of Rs 200 in its research report dated July 28, 2020.

Broker Research
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on V-Guard Industries


V-Guard reported lower-than-expected earnings on account of loss of revenue affected by nation-wide lockdown led by COVID-19 pandemic and higher fixed cost. Management expects near term to be uncertain as localised lockdowns are hampering discretionary demand despite long term positives. Focus remains on maintaining healthy cash position, cost rationalisation, and expediting digitisation. The company’s strong balance sheet, cash flow and reputed brand along with strong business fundamentals will help the company emerge stronger from the near-term weak environment.



Outlook


We retain Buy on V-Guard Industries Limited (V-Guard) with a revised PT of Rs. 200 considering its attractive valuation and healthy fundamentals to ride the current uncertainties.





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.

First Published on Jul 30, 2020 03:50 pm
Sections