Aerospace & Defence
Aerospace & Defence - Equipments
We initiate coverage on AZAD with a BUY rating and a TP of INR3,670, based on 80x/55x FY29E/FY30E EPS. Our expectations of a strong 30-35% earnings CAGR over the next 3-5 years, improving return ratios, and OCF generation underpin our bullish stance on the company.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
