ICICI Direct has given Buy recommendation for Kajaria Ceramics with a target price of Rs. 1185 in its research report issued on Aug 04, 2021
ICICI Direct’s research report on Kajaria Ceramics
Kajaria Ceramics is the largest manufacturer of ceramic/vitrified tiles in India with current annual capacity of 70.4 million square metre (MSM). The company has announced a large capex of Rs 250 crore (seeing strong demand and higher utilisation) in FY22, which will increase its overall capacity by 18% and generate ~Rs 500 crore worth of additional revenue
We maintain our BUY rating on the company We value Kajaria at Rs 1185/share.