Sharekhan has given Buy recommendation for V-Guard Industries with a target price of Rs. 280 in its research report issued on Feb 08, 2022

Sharekhan’s research report on V-Guard Industries

VGIL reported in-line standalone revenues while OPM lag was lead by higher commodity costs, newer factories overheads and higher A&P spends. Management is hopeful of good demand for upcoming festive season and OPM for most products returning to normalcy by Q2FY2023. Inventory days and cash position to reverse by May 2022. The company commenced manufacturing of fans and water heaters. It is also close to setting up factory for cables and TPW fans.

Outlook

We retain Buy on V-Guard Industries Limited (VGIL) with a revised PT of Rs. 280, owing to downward revision in estimates.

More Info on V-Guard Industries

At 17:30 V-Guard Industries was quoting at Rs 212.55, down Rs 1.50, or 0.70 percent.

It has touched an intraday high of Rs 214.75 and an intraday low of Rs 211.10.

It was trading with volumes of 14,282 shares, compared to its thirty day average of shares, a decrease of percent.

In the previous trading session, the share closed down 0.49 percent or Rs 1.05 at Rs 214.05.

The share touched its 52-week high Rs 285.00 and 52-week low Rs 206.45 on 31 May, 2021 and 14 February, 2022, respectively.

Currently, it is trading 25.42 percent below its 52-week high and 2.95 percent above its 52-week low.

Market capitalisation stands at Rs 9,168.63 crore.

 

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