Centrum Broking & Nuvama give a thumbs up to Venus Pipes!
6Centrum Broking believes that recent announcements in the stainless steel pipe industry- Roll back of export duty and imposition of ADD have se positive outlook on SS pipe industry. Centrum has increase target price on Venus Pipes from 848/sh to Rs 940/sh. They see room for Venus to increase stainless steel seamless pipes prices by ~Rs20/kg. They are Increasing earnings estimates for Venus Pipes by 23% for FY23, 11% for FY24, and FY25 by 10%. Nuvama has also maintained a buy rating on the stock with a target price of Rs 905 per share. They see strong industry tailwinds and robust earnings growth visibility of 50% + over FY22-25 for Venus Pipes.
Subscribe To ET Now For Latest Updates On Stocks, Business News, Trading | https://bit.ly/SubscribeToETNow
To Stay Updated Download the Times Now App :-
Android Google Play : https://goo.gl/zJhWjC
Apple App Store : https://goo.gl/d7QBQZ
Social Media Links :-
Twitter - http://goo.gl/hA0vDt
Facebook - http://goo.gl/5Lr4mC
G+ - http://goo.gl/hYxrmj
Website - www.etnownews.com
Subscribe Now To Our Network Channels:-
Times Now: https://bit.ly/SubscribeToTimesNow
Mirror Now: https://bit.ly/SubscribeToMirrorNow
Pushed via Slike