Moneycontrol PRO

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.

July 30, 2020 / 03:50 PM IST
  • bselive
  • nselive
Todays L/H

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.


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 are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jul 30, 2020 03:50 pm