Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessStocks

Buy Granules India: target of Rs 475: Sharekhan

Sharekhan is bullish on Granules India has recommended buy rating on the stock with a target price of Rs 475 in its research report dated January 06, 2020.

January 07, 2021 / 03:29 PM IST
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

Sharekhan's research report on Granules India

Granules is witnessing strong traction across segments, which is expected to sustain in the coming quarters as well. A favorable mix, operational efficiencies accruing would drive the margin expansion, which in turn would help company clock a 32% earnings CAGR over FY2020 to FY2023. Sturdy growth prospects, strong earnings visibility, healthy balance sheet and healthy return ratios augur well and could result in multiple re-rating.

Outlook

We maintain a Buy on Granules India Limited (Granules) with an unchanged PT of Rs 475.

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: Jan 7, 2021 03:29 pm

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