Buy GNA Axles; target of Rs 1095: Sharekhan

Sharekhan is bullish on GNA Axles has recommended buy rating on the stock with a target price of Rs 1095 in its research report dated July 21, 2023.

Broker Research

July 24, 2023 / 15:09 IST

Buy

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Sharekhan's research report on GNA Axles

GNA Axles registered 240 bps y-o-y expansion in EBITDA margin to 15.8% against estimate of 14.5%. The company announced a bonus share in a ratio of 1:1. The stock is trading at P/E of 12.8x and EV/EBITDA of 7.7x its FY2025E estimates.

Outlook

We maintain a Buy rating on GNA Axles Limited (GNA) with a revised PT of Rs. 1095, on healthy operating margin performance in Q1FY24 and attractive valuation.

For all recommendations report, click here

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GNA Axles - 24 -07 - 2023 - khan

Broker Research

first published: Jul 24, 2023 03:09 pm

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