This stock is analysts' top pick in textiles
Synopsis
The stock has rallied 17 per cent in the last year. It is currently trading at 9.5 times its FY23 estimated earnings, compared with its five-year average forward PE of 13.3.
Mumbai: With a strong balance sheet, improving retail sales in key export markets, incremental revenues from new ethanol facilities and commissioning of the new garmenting capacity from next year, KPR Mills just received a thumbs-up from the analysts.The company, which has increased its cash balance and reduced consolidated debt in the first half of FY21, can give up to 30 per cent return over the next one year, according to analysts.The stock
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