Capital Goods-Non Electrical Equipment
Capital Goods - Electrical Equipment
from 89 today
We initiate coverage on the stock with a BUY rating and a Sep'27 target price of 125, based on our SOTP valuation, implying a 1-year forward P/E multiple of 37x, underpinned by a management-led turnaround and strong positioning across India's steel, infrastructure and defence capex cycles.
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.
