At CMP of Rs. 143, stock is trading at P/E multiple of 11.6x and 8x its FY15E and FY16E Bloomberg adjusted earnings. Given its leadership position in sanitaryware and container glass businesses and its initiatives to improve the profitability of container glass business which is likely to improve financial performance, we recommend buy on the stock with target price of Rs.180 (10x FY16E EPS).
At CMP of Rs.122, the stock is trading at 17.2x FY14E and 12.8x FY15E Bloomberg earnings estimates. The revival in flagship brands, premiumisation, and stable molasses prices (due to favourable monsoon) remain positive. Further, the transformational deal of Diageo plc with United Spirits Limited could provide window of opportunity to Radico. We maintain BUY on the stock with target price of Rs.190 (20.0x FY15E).
[download id=”96″]
i want to invest in market but i don’t have any ideas from Port Blair
A&N Island