Moneycontrol PRO
Live: Commodity Markets Live: Oil Below $90; What Explains The Fall?

Hold Indo Count; target of Rs 150: ICICI Direct

ICICI Direct recommended hold rating on Indo Count with a target price of Rs 150 in its research report dated August 03, 2022.

August 06, 2022 / 10:00 AM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

ICICI Direct's research report on Indo Count


Indo Count is one of India’s largest home textile manufacturer and exporters with an extensive product range spanning across bed sheets, quilts and bed linen. It has a presence in top nine out of 10 top big box retailers in the US. Indo Count is an integrated bedding solution provider, boasting capacity of 90 million meters per annum of dyeing/processing and cutting /sewing • It exports to nearly 54 countries with US being the prime market (~75% of revenues and commanding ~20%+ market share in bed sheets).



Outlook


We maintain HOLD rating on the stock. We value ICL at Rs 150 i.e. 7x FY24E EPS.

Close

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.

Indo Count - 040822 - ic

Broker Research
first published: Aug 6, 2022 10:00 am
Sections
ISO 27001 - BSI Assurance Mark