Anand Rathi's research report on Craftsman Automation
For Craftsman Automation, growth across segments were the highlights for the quarter. It continued to improve value-addition across divisions. Improving CV off-take, driven by M&HCVs and the off highway segments augur well for long-term growth. Similarly, demand for PVs and 2Ws is expected to be strong during the festival season as supplyside constraints have started to normalise.
Outlook
We maintain a Buy, at a revised TP of Rs.3,539 (19x FY25e).
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