Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
449.50
Change Change %
1.60 0.36%

Updated:16 Nov, 2018, 14:24 PM IST

BSE
447.85
Change Change %
-1.25 -0.28%

Updated:16 Nov, 2018, 14:52 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Edelweiss
N/A
05-08-2016 Hold 1257.00 1180.00
N/A
Target Hit Long (1Y)
05-08-2017

Edelweiss downgrades Kajaria Ceramics to hold

Kajaria Ceramics' Q1 earnings were below estimates on account of lower than estimated volumes. Management is optimistic on demand and pegs FY17 volume growth at more than 10 per cent and expects to sustain EBITDA margin at 19-20 per cent. We remain positive on the stock on account of its leadership position, sound brand and robust growth trajectory. However, we downgrade the stock to 'hold' owing to expensive valuation.

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