Research Head (MONEY MAKER
RESEARCH & INVESTMENT ADVISOR PVT LTD) is having a view that one
can go long in SHANKARA.
“SHANKARA is the stock which
We would Recommend to buy above Rs 1444; this can see a upside to
levels closer to Rs 1510 -1520 zones, keep stop loss below Rs 1360”.
Bangalore headquartered
Shankara Building Products is a retailer of home improvement and
building products including structural steel, cement, TMT bars,
hollow blocks, pipes and tubes, roofing solutions, welding
accessories, primers, solar heaters, plumbing, tiles, sanitary ware,
water tanks, plywood, kitchen sinks, lighting and other allied
products.
"It is the best proxy to
play the anticipated growth in building materials and retail in
India, It expects return on capital employed to improve given strong
SSG, minimal capex and efficient working capital. Revenue and net
profit is expected to grow at CAGR of 25 percent and 40 percent over
FY17-19, respectively.
We expect debt to equity ratio
to see a slide in the next 2-3 years.
SHANKARA was closed 6.65
percent up today at Rs 1402.10 at NSE.
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