But Kwality Ltd For A 67% Appreciation Potential: Hem Securities

With strong brand equity; increasing market presence and customer reach; increasing product portfolio; expansion plans and strong financial performance; Kwality Ltd. growth prospects and profitability looks positive. We believe the company is trading at an attractive valuation at 4.49x and 3.29x of FY15EPS of Rs.10.02 and FY16EPS of Rs.13.68. We initiate a ‘BUY’ on the stock with a target price of Rs.75 (appreciation of about 67%) with the medium to long term investment horizon.

Click here to download Research Report on Kwality by Hem Securities