Profit

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

NSE
191.10
Change Change %
-1.95 -1.01%

Updated:21 Nov, 2018, 11:19 AM IST

BSE
190.85
Change Change %
-2.55 -1.32%

Updated:21 Nov, 2018, 11:23 AM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nirmal Bang
N/A
06-05-2016 Buy 1186.90 1451.00
N/A
Target Hit Long (1Y)
06-05-2017

Nirmal Bang maintains buy on V-Guard Industries

V-Guard Industries' Q4 revenue growth was ahead of estimates. Gross margins improved sharply by 490 basis points on improved operating leverage and better product mix. The management expects strong growth momentum to continue and has guided for 15 per cent revenue growth. We increase our earnings estimate for V-Guard for FY17/FY18 by 25 and 21 per cent respectively.

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