The GST rollout - which is expected in April 2017 - will help Greenlam Industries see higher volumes and margins.
Speaking to CNBC-TV18, Joint MD and CEO of Greenlam Industries, Saurabh Mittal said the company's exports for the June quarter declined year-on-year, but were up quarter-on-quarter. Mittal expects an 8-10 percent growth in exports this year
Saurabh Mittal says there was a 99 percent capacity utilisation in the laminates business in Q4 of FY16. So, they plan to increase capacity by 20 percent this fiscal.
In an interview to CNBC-TV18, Saurabh Mittal, MD & CEO of Greenlam Industries spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Saurabh Mittal, Joint MD & CEO of Greenlam Industries spoke about the results and his outlook for the company.
Greenlam has a revenue growth target of 15-18 percent for FY16. Company's topline grew 17 percent year-on-year (Y-o-Y). Saurabh Mittal, Jt MD & CEO of Greenlam spoke with Nigel D'Souza on CNBC-TV18, in which he detailed numbers of the company.
Watch the interview of Saurabh Mittal, Joint MD & CEO of Greenlam Industries with Nigel D'Souza on CNBC-TV18, in which he talked about Greenlam Industries, demerged entity of Greenply.
Saurabh Mittal of Swadeshi Credits recommends buying Voltas with a target of Rs 78 and Dishman Pharmaceuticals & Chemicals with a target of Rs 52.
According to Saurabh Mittal of Swadeshi Credits, one may buy Zee Entertainment Enterprises with a target of Rs 247 and Apollo Hospitals Enterprises with a target of Rs 944.
Saurabh Mittal of Swadeshi Credits recommends buying Shipping Corporation of India with a target of Rs 36 and advises selling Financial Technologies with a stoploss at Rs 170.
According to Saurabh Mittal of Swadeshi Credits, one may buy Dena Bank with a target of Rs 52 and advises selling Allahabad Bank with a stoploss at Rs 84.
Saurabh Mittal of Swadeshi Credits recommends buying Britannia Industries with a target of Rs 720 and Geometric with a target of Rs 77.
According to Saurabh Mittal of Swadeshi Credits, one may buy Tata Global Beverage with a target of Rs 140 and Adani Power with a target of Rs 38.
Saurabh Mittal of Swadeshi Credits recommends buying YES Bank with a target of Rs 267 and Jindal Saw with a target of Rs 52.
Rajesh Agarwal of Eastern Financiers advised buying Natco Pharma with a target price of Rs 635 and Dhanlaxmi Bank with a target price of Rs 31.
Saurabh Mittal, Director of Swadeshi Credits recommended buying United Spirits with a target price of Rs 2420 and Muthoot Finance with a target price of Rs 104.
Rajesh Agarwal of Eastern Financiers advised buying Amara Raja Batteries with a target price of Rs 267 and Dredging Corporation with a target price of Rs 274.
Rajesh Agarwal of Eastern Financiers advised buying Dredging Corporation with a target price of Rs 255 and Amara Raja Batteries with a target price of Rs 250.
Saurabh Mittal of Greenply expects the company to maintain about 13 percent kind of operating margin going ahead.
SP Tulsian of sptulsian.com advised buying JM Financial with a target price of Rs 28 and GSPL with a target price of Rs 61.
SP Tulsian of sptulsian.com advised buying HDIL with a target price of Rs 50 and selling Dena Bank with a target price of Rs 84.
SP Tulsian of sptulsian.com advised buying Pidilite Industries with a target price of Rs 303 while Saurabh Mittal of Swadeshi Capital says one can buy Havells India with a target price of Rs 740.
SP Tulsian of sptulsian.com advised buying AstraZeneca Pharma with a target price of Rs 860 while Nooresh Merani of AMSEC Research recommended buying Dena Bank with a target price of Rs 92.
Saurabh Mittal of Swadeshi Capital advised buying YES Bank with a target price of Rs 515. Meanwhile, Nooresh Merani of AMSEC Research advised buying Dena Bank with a target price of Rs 92.
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