BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Kotak initiates Vardhman Textiles with add
Kotak has initiated coverage on Vardhman Textiles with "add" for a target price of Rs 1,190. Planned expansion in fabric division will lead growth for the company. We expect superior margin in fabric division compared to its legacy yarn business. We expect cash flow, return ratios to improve for the company. Yarn business to keep balance sheet light.