BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Edelweiss initiates Prabhat Dairy with buy
Prabhat Dairy's revenue has grown at 25 per cent CAGR over FY12-16. We estimate its net profit to post 72 per cent CAGR with full deployment of capex and repayment of debt. We have initiated coverage on the stock with a "buy" rating for a target price of Rs 144.