Is Lloyds Engineering Works still a 'buy' after a 196% rally

Domestic brokerage firm Ventura Securities has initiated coverage on Lloyds Engineering Works, giving it a 'buy' rating with a target price of ₹71 per share. The brokerage expects the company's revenues to grow at a CAGR of 47% and its EBITDA and PAT to grow at a CAGR of 59% and 66% respectively.

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