ICICI Direct's research report on Maharashtra Seamless
Maharashtra Seamless (MSL) reported a good set of Q3FY17 numbers wherein topline, EBITDA both came in above our estimates. A better-than-expected topline was driven by higher-than-expected sales volume.
Outlook
We value the company on an SOTP basis and, subsequently, arrive at a target price of Rs 325. The stock has rallied 50% in the last six months broadly discounting a majority of the positives. Hence, we have maintained a HOLD recommendation on the stock.
For all recommendations, 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.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
