Edelweiss initiates coverage with Buy on Asian Granito, sees 42% upside

Asian Granito is well placed to leverage its vast distribution network and strong brand equity.

December 12, 2017 / 14:03 IST

26 Aug, 2025 12:21

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Research firm Edelweiss has initiated coverage with a Buy rating on Asian Granito India and set a target price of Rs 720 per share, implying a 41.55 percent potential upside from Monday's closing price. The stock gained 3 percent intraday Tuesday.

"The company is well placed to leverage its vast distribution network and strong brand equity," the research house said.

The ceramic company is prudently shifting focus to high-margin retail segment, it added.

At 12:50 hours IST, the stock price was quoting at Rs 515.05, up 1.26 percent on the NSE.

first published: Dec 12, 2017 02:03 pm

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