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Last Updated : Mar 28, 2019 03:18 PM IST | Source: Moneycontrol.com

Hold Finolex Cables; target of Rs 535: Sharekhan

Sharekhan recommended hold rating on Finolex Cables with a target price of Rs 535 in its research report dated March 27, 2019.

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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.


Outlook


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


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First Published on Mar 28, 2019 03:18 pm
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