IFGL Refractories Ltd. share price target and research reports

Name: Latest research reports of IFGL Refractories Ltd. authored by Monarch Networth Capital Limited and published by - Trendlyne research reports.
Item: IFGL Refractories Ltd.
Rating: 5
Author: Monarch Networth Capital Limited

Latest analyst research reports with target prices and PDF download for IFGLEXPOR, BSE:540774 IFGL Refractories Ltd.

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IFGL Refractories Ltd.

10 Jan 2022

153.96

3.61%

Monarch Power Ideas - Q1CY22

Buy: IFGL Refractories Ltd.

Monarch Networth Capital Limited

IFGL Refractories Ltd. is trading below its 50 day SMA of 163.8

IFGL Refractories Ltd.

25 Nov 2021

153.96

3.61%

Refractory Sector Report - Hot Protection

Buy: IFGL Refractories Ltd.

Monarch Networth Capital Limited

We initiate coverage on Refractories, riding on the current boom in the steel industry. Heavy financial stimulus for infrastructure projects - domestic and global is expected to keep demand for refractories robust in the near future. Historically, refractory companies have been steady revenue compounder with stable margins, net cash balance sheets and superior return ratios, a remarkable contrast to its customer steel sector, thereby largely obviating the severe cyclicity of commodity companies. We expect recycling and localisation to support margins for refractory players. We initiate on IFGL Refractories and RHI Magnesita India (RHIM) with a BUY rating with IFGL being our preferred pick....

IFGL Refractories Ltd. is trading above its 30 day SMA of 151.9

Is IFGL Refractories Ltd. worth buying?

65 Votes:

Buy 78.46%

Sell 12.31%

Hold 9.23%