Sharekhan recommended hold rating on Finolex Cables with a target price of Rs 535 in its research report dated March 27, 2019.
Sharekhan's research report on Finolex Cables
Margins are expected to remain stable due to lower volatility in copper prices in the past three months. We have introduced FY2021E numbers and expect revenue and earnings CAGR of 11% and 7%, respectively, over FY2018-FY2021E.
We reiterate our Hold rating on the stock with a revised PT of Rs. 535, based on further delay of order finalisation in the communication cables business segment along with a delay in scaling-up the consumer durable business.
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.