Technocraft Industries Initiating Coverage Report By Motilal Oswal

Tagged: Motilal Oswal, Technocraft Industries

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January 30, 2015 at 9:22 pm #1678

Vidhi Khanna
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Given Technocraft’s superior industry positioning in drum closures, incremental growth being driven by the scaffolding division and increasing contribution from the IT division; we believe Technocraft is available at attractive valuations of 4.7x FY17E EPS. Our SOTP based price target for Technocraft is at INR 300 providing for an upside of 54% over the next one year.

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