Dolat Capital recommended reduce rating on V-Guard Industries with a target price of Rs 190 in its research report dated July 23, 2020.
Broker Research
@moneycontrolcom
Dolat Capital's research report on V-Guard Industries
The theme of resilience resounds throughout the V-Guard annual report. The management is happy with the financial strength of the company and wants to see the pandemic and post pandemic era as an opportunity to make the organization stronger, competitive and better positioned to drive maximum benefit out of the eventual economic recovery.
Outlook
While it terms FY21 as a transitional year, It plans to use this time to invest in product and distribution especially in non-south, including strengthening its e-commerce play, while also enhancing cost competitiveness through more inhouse manufacturing.
For all recommendations report, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Read MoreFirst Published on Jul 24, 2020 04:42 pm