320.00 5.25 (1.67%)
NSEMar 04, 2021 03:31 PM
The 1 reports from 1 analysts offering long term price targets for Asahi India Glass Ltd. have an average target of 292.00. The consensus estimate represents a downside of -8.75% from the last price of 320.00.
|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2020-11-05||Asahi India Glass Ltd. +||Dolat Capital||221.45||292.00||221.45 (44.50%)||Target met||Buy|
Asahi India Glass (AIS) printed an impressive earning performance in 2Q. EBITDA grew 13% YoY to Rs.1.2bn with expanded margin at 19.1% (+235bps YoY) led by lower fuel cost and cost control measures. EBIT margin for Automotive glass expanded by 175bps YoY to 14.4% and for Architecture glass by 314bps YoY to 17.3%. We expect the company to be a key beneficiary of revival in the volume of Automotive and Architectural glass segments. Moreover, strong traction in aftermarket business will also aid profitability. In the...
|2018-01-01||Asahi India Glass Ltd. +||Rudra Shares and Stock Brokers Ltd||373.50||430.00||373.50 (-14.32%)||Buy|
Rudra Shares and Stock Brokers Ltd
The company has strong symbiotic relationships with most of the global and local OEMs in India. There is inherent mutual trust in these relationships which is backed by decades of strong and reliable performance for long-term mutual benefit. Company is a preferred choice of major automotive companies including Maruti Suzuki, Hyundai Motors, Mahindra & Mahindra, Tata...