Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessStocks

Buy V-Guard Industries; target of Rs 215: Sharekhan

Sharekhan is bullish on V-Guard Industries has recommended buy rating on the stock with a target price of Rs 215 in its research report dated June 02, 2020.

June 04, 2020 / 09:12 AM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on V-Guard Industries

V-Guard reported lower-than-expected earnings on account of loss of revenue during the second half of March 2020, which is a peak period affected by nation-wide lockdown led by COVID-19 pandemic. Management expects the situation to normalise over a few months along with working capital improvement. Management is focusing on maintaining healthy cash position, cost rationalisation, and expediting digitisation. The company’s strong balance sheet, reputed brand, and strong business fundamentals will help emerge stronger from the near-term weak environment.

Outlook

We retain Buy on V-Guard Industries Limited (V-Guard) with a revised PT of Rs. 215 considering attractive valuation, strong balance sheet, reputed brand, and strong business fundamentals.



For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jun 4, 2020 09:00 am

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347