Buy V-Guard Industries, target Rs 220: Sharekhan

INSUBCONTINENT EXCLUSIVE:
V-Guard share price: Buy V-Guard Industries, target Rs 220: Sharekhan - The TheIndianSubcontinentNever miss a great news story!Get
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ISTThe current market price of V-Guard Industries is Rs 195.75.Sharekhan has a buy call on V-Guard Industries with a target price of Rs
220. The current market price of V-Guard Industries is Rs 195.75. Time period given by the brokerage is one year when V-Guard Industries
price can reach the defined target. "Though Southern markets may witness minor hiccup in terms of revenue growth; non Southern region
forming nearly 40 per cent of revenue is expected to continue to grow at faster rate driven by an innovative product pipeline, distribution
network expansion and an aggressive ASP
With a robust product portfolio equally supported by the entry into new product categories at regular intervals and consistent expansion of
a pan-India distribution network provides an unmatched platform for multi-year double digit revenue compounding in excess of 15 per cent
A cash surplus balance sheet should enable V-Guard to pursue inorganic growth as well
With a continuous emphasis on gross margin expansion, the management has guided for 100 bps improvement in gross margins annually
Under the context of softer growth outlook in Southern markets led by Kerala and revenue from stabilizer getting impacted due to erratic
weather slowing down Room AC market, we tweak our earnings estimates marginally, expecting 24 per cent CAGR during FY2018-2020 reiterating
Buy with revised target price of Rs 220," Sharekhan said in a report. Read this article in :HindiBuy HDFC Bank, target Rs 2470: SharekhanBuy
CESC, target Rs 1165: SharekhanBuy TVS Motor, target Rs 725: SharekhanBuy Zydus Wellness, target Rs 1400: SharekhanHold PTC India, target Rs
95: SharekhanCommenting feature is disabled in your country/region.Disclaimer: This recommendation is analyst's own and does not represent
those of economictimes.com ETMarkets.com
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