Goodluck India Ltd. News and Updates

Name: Latest research reports of Goodluck India Ltd. authored by BOB Capital Markets Ltd. and published by - Trendlyne research reports.
Item: Goodluck India Ltd.
Rating: 5
Author: BOB Capital Markets Ltd.

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Goodluck India Ltd.

27 Jun 2016

1088.40

0.15%

Good luck Steels Ltd Initiating Coverage with BUY

Buy: Goodluck India Ltd.

BOB Capital Markets Ltd.

Good Luck Steel Tubes Limited - GOODLUCK is a steel processor (converting basic steel to the value added engineering products) catering to the OEM’s, infrastructure, engineering industries and Oil and gas Industries. We expect, GSTL to achieve its revenue/earnings growth at a CAGR of ~17/44% over FY16p-18e respectively led by 1) shifting focus from low margin products to high margin engineering products, 2) expected 3.5/4 time value term growth in auto motive industry over next ten years, 3) India’s GDP to grow more than 7% over next couple years, 4) huge opportunities from Railways, and Solar in engineering structure segment, 5) improving EBITDA margins by ~170bps over FY16p-18e. BOB Capital Markets Ltd initiate coverage on GSTL with a ‘BUY’ rating and a price target of Rs.154 (54% upside).

Trendlyne has 1 report on GOODLUCK updated in the last year from 1 broker with an average target of Rs 154.

Goodluck India Ltd. has gained 50.55% in the last 6 Months

Is Goodluck India Ltd. worth buying?

116 Votes:

Buy 74.14%

Sell 12.07%

Hold 13.79%

91.70% Gain from 52W Low

Goodluck India Ltd. News and Updates

Keep track of all breaking news on Goodluck India Ltd. from all sources in a single place.