BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Dynamic Levels maintains buy on Apar Industries
Apar industries stands to benefit from the growth in India's transmission and distribution sector with 70 per cent of its revenue coming from the power sector. Apar industries' consolidated earnings per shares in FY16 stood at Rs 11.8, up 65 per cent annually and 24 per cent sequentially. We recommend buy on the stock with a target price of Rs 630 representing a potential upside of 15 per cent.