Shankara Building gains 4% after IDFC Sec initiates outperform rating

Trade

• Watchlist
• Portfolio
• Message
• Set Alert

 

 

Choose Stock Exchange: BSE LIVE NSE LIVE

26 Aug, 2025 12:21

Volume

Todays L/H

More

×

Shankara Building Products gained around 4 percent intraday on Wednesday as investors cheered initiation of coverage on the stock.

IDFC Securities initiated outperform rating on the stock with a target of Rs 1,786.

The brokerage highlighted how the company successfully evolved into an integrated home improvement retailer and said that shift to organised retail will accelerate with implementation of GST.

The broking firm also said that the company is best positioned to tap the massive USD 70 billion home improvement.

It also expects revenue, EBITDA and net profit to grow at a compound annual growth rate of 11 percent, 17 percent and 29 percent over the three financial years till March 2020, while the margin could improve by 100 basis points by March 2020.

At 13:50 hrs Shankara Building Products was quoting at Rs 1,500.80, up Rs 13.15, or 0.88 percent, on the BSE.