Apar Industries - Q2 FY21 Result Update - YES Securities

Apar Industries (Q2 FY21) - BUY (Target Rs360, Upside 20%)

We expect gradual pick up in execution across segments during H2 FY21. Tight cost control measures and focus on profitability is showing up in performance with sharp improvement in blended profitability at operating level. We believe the profitability momentum would continue as share of Value added products improve going forward in overall mix. We largely retain our estimates for FY21 and FY22 and maintain our BUY rating on the stock for target price of Rs.360.

YES Securities - Apar Industries (Q2 FY21) - 20201109

Shares of APAR INDUSTRIES LTD. was last trading in BSE at Rs.305 as compared to the previous close of Rs. 300.35. The total number of shares traded during the day was 4445 in over 487 trades.

The stock hit an intraday high of Rs. 310.2 and intraday low of 300.75. The net turnover during the day was Rs. 1363856.

Source : Equity Bulls

Keywords