V-Guard share price: Buy V-Guard Industries, target Rs 220: Sharekhan - The TheIndianSubcontinentNever miss a great news story!Get instant notifications from TheIndianSubcontinentAllowNot nowYou can switch off notifications anytime using browser settings.RecosDID YOU KNOWUnleash the power of SIP - Invest in Mutual fundsReturns1M 6M 1Y 3Y 14.29% PortfolioLoadingSelect Portfolio and Asset Combination for Display on Market BandShow More Download ET MARKETS APP Get ET Markets in your own languageDOWNLOAD THE APP NOWCHOOSE LANGUAGEENGENG - EnglishHIN - GUJ - MAR - BEN - KAN - ORI - TEL - TAM - ET NOW RADIOET NOWTIMES NOWETMarkets.com|Jul 06, 2018, 03.17 PM 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.
Please consult your financial advisor before taking any position in the stock/s mentioned.From Around The WebMore from The TheIndianSubcontinentBrowse CompaniesABCDEFGHIJKLMNOPQRSTUVWXYZ|123456789Browse Mutual FundsABCDEFGHIJKLMNOPQRSTUVWXYZ1Buy V-Guard Industries, target Rs 220: Sharekhan Buy TVS Motor Company, target Rs 725: Sharekhan Buy Larsen Toubro, target Rs 1540: Motilal Oswal Buy Idea Cellular, target Rs 75: Motilal OswalBuy HDFC Bank, target Rs 2470: Sharekhan Buy India Cements, target Rs 115: Manas JaiswalSell United Spirits, target Rs 600: Manas Jaiswal Buy Bajaj Finserv, target Rs 5910: Kunal Bothra Buy Tata Consultancy Services, target Rs 1940: Kunal Bothra Sell Capital First, target Rs 495: Dr CK Narayan Buy UltraTech Cement, target Rs 3980: Dr CK Narayan To see your saved stories, click on link hightlighted in bold