Moneycontrol Be a Pro
Get App
Last Updated : Mar 29, 2019 12:46 PM IST | Source:

Hold V-Guard Industries; target of Rs 250: Sharekhan

Sharekhan recommended hold rating on V-Guard Industries with a target price of Rs 250 in its research report dated March 28, 2019.

Broker Research @moneycontrolcom
  • bselive
  • nselive
Todays L/H

Sharekhan's research report on V-Guard Industries

Gradual pick up in South for its summer products (fans and voltage stablisers) to provide some respite but revenue growth to fall short of guidance due to slower than expected pick up in its flagship products. Operating margins are expected to remain under pressure despite price hike taken (up to 2%) across fans, voltage stablisers and pumps.


We reiterate our Hold rating on the stock to with a revised PT of Rs 250 based on near-term headwinds such as lower replacement demand off-take in its core segments due to slower pick up in construction activity in Kerala.

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

The Great Diwali Discount!
Unlock 75% more savings this festive season. Get Moneycontrol Pro for a year for Rs 289 only.
Coupon code: DIWALI. Offer valid till 10th November, 2019 .
First Published on Mar 29, 2019 12:46 pm
Follow us on
Available On
PCI DSS Compliant