Apar Industries Ltd Multibagger Buy

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Pee Vee
Site Admin
Posts: 453
Joined: Mon Dec 26, 2016 10:45 pm

Apar Industries Ltd Multibagger Buy

Post by Pee Vee »

Apar Industries Ltd

Reco Price Rs575, Previous Target Rs788, New Target Rs816

We had recommended a BUY on Apar Industries Ltd in our initiating coverage report dated Nov 11, 2016 for a price target of Rs.724 which we subsequently increased to Rs.788 in our call success and update report dated February 13, 2017. The increased target was achieved in yesterday’s trading session, thus yielding a cumulative return of 37% in four months. We continue to remain positive on the growth prospects of the Company and believe it is well placed to benefit from Transmission and distribution capex which would spur demand for conductors and transformer oil. However with the sharp run-up in share price, the stock is now trading at premium valuations. We therefore downgrade our rating on the stock to ACCUMULATE for target price of 816.
rocky
Posts: 1
Joined: Fri Apr 28, 2017 5:20 pm

Re: Apar Industries Ltd Multibagger Buy

Post by rocky »

sir your views on pennar industies, 20 microns,modison metal, megasoft.
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