Latest Breaking News On - வர்த்மான் சிறப்பு இரும்புகள் லிமிடெட் - Page 1 : comparemela.com

VSSL is currently in a sweet spot on the back of a) recent price hike received from OEMs, b) receipt of the long-awaited environmental clearance (EC), which has cleared the pathway for expansion plans, c) good demand from the user industry segment. On the back of healthy operating environment, the brokerage remain positive on the stock. On the back of recent price hike received by the company from OEMs, the brokerage revises estimates both for FY22E and FY23E. It values the stock at 7.5x FY23E EV/EBITDA and arrive at a target price of Rs 300 (earlier Rs 240).

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