Buy Vardhman Special Steel for target price of Rs 260 (30% upside)

Discussion in 'Latest Brokerage Stock Buy-Sell Reports' started by Vidhi Khanna, Oct 22, 2023.

  1. Vidhi Khanna

    Vidhi Khanna Active Member Staff Member

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    VSSL’s aim is to make it big in the special steel domain with backing of Aichi Steel Corp. It has controlled leveraged B/S (Debt: Equity 0.2x as of FY23), Capital efficient business model (RoE at ~12-15%) & positive CFO generation. Buy for TP of Rs 260 (30% gain)

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