We believe that company is in healthy growth phase which would improve the EBITDA margins further. We expect the company to report 14.1% sales CAGR over FY1 8-21E with net profit CAGR of 11%, due to higher tax rate. At CMP it is trading at a PE of 15.4x on our FY 20E earnings. We recommend HOLD on the stock with a target price of Rs 851 (19x FY 20E).
- stoploss not specified.(stoploss of 40% auto inserted) - Time period not specified (3 years time period auto inserted)Nirmal Bang's Buy Call Submitted By : Market Maniac
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