Healthy margins offset volume weakness

Company
08 Nov 2024
5 Min read 
  • CMP: INR 541, TP: INR 660 (+22%) Buy TP change Rating change Bloomberg GUJGA IN Equity Shares (m) 688 M.Cap.(INRb)/(USDb) 372.3 / 4.4 
  •  Healthy margins offset volume weakness 
  •  EBITDA and PAT beat estimates 
  •  Volume guidance remains cautious 
  •  Recovery in ceramic exports and decline in spot LNG prices key catalysts 
  •  Reiterate BUY rating with TP of INR660
Login / Open Demat Account to read the report

Never Miss Out on Hot Market Updates

Get exclusive market news delivered to your inbox - on priority