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Buy Essel Propack; target of Rs 200: Motilal Oswal

Motilal Oswal is bullish on Essel Propack has recommended buy rating on the stock with a target price of Rs 200 in its research report dated May 23, 2020.

May 25, 2020 / 21:57 IST
     
     
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    Motilal Oswal 's research report on Essel Propack

    Revenue across EAP and AMESA region was impacted during 4QFY20 due to the lockdown in China and India (Mar'20). However, this was offset by robust growth in Europe and Americas region. Thus, overall consolidated revenue declined 1% YoY. We have cut our estimates for FY21/FY22E by 14%/5%, factoring in the slowdown in business across multiple geographies to arrive at a TP of INR200. Maintain Buy.

    Outlook

    We value the stock at 20x FY22E EPS of INR10, arriving at a target price of INR200. Maintain Buy.


    For all recommendations report, click here

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    Broker Research
    first published: May 25, 2020 09:57 pm

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