BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|IDBI Capital Markets & Securities
|Target Hit|| Long (1Y)
IDBI Capital Markets maintain accumulate on Supreme Industries
IDBI Capital Markets has maintained accumulate on Supreme Industries for target price of Rs 1,190. It says the company is exploring opportunity to expand its business in 10 new countries. Also, its new products in fittings, industrial segment and films along with capacity expansion of 20K-25K/year would drive growth. Also, the company mentioned things started improving post implementation of GST and guided for 12% growth in FY18 (19% growth in 9MFY18) with EBITDA margin of 15%-15.5%.