Moneycontrol
Last Updated : Nov 15, 2018 06:05 PM IST | Source: Moneycontrol.com

Buy Visaka Industries; target of Rs 640: Anand Rathi

Anand Rathi is bullish on Visaka Industries has recommended buy rating on the stock with a target price of Rs 640 in its research report dated November 12, 2018.

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Anand Rathi's research report on Visaka Industries


Visaka was hit by rising input costs and the high base of the BP division during the quarter. Its yarn division margins, however, continue to recover. The expected price hikes, de-leveraging, improving yarn division, commissioning of the Jhajjar plant and solar roofing (ATUM) would provide the requisite impetus to growth.


Outlook


We retain our Buy rating, with a lower TP of `640.


For all recommendations report, click here


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First Published on Nov 15, 2018 06:05 pm
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