Midcap outperforms Nifty, Sensex holds rally; IDFC Bank, RCom jump

Epic Update : IDFC
Epic Update : IDFC

IDFC Securities has maintained its Outperform rating on PI Industries with increased price target at Rs 1,085 per share.

The research house expects the agrochemical company to bounce back to growth from the second half of the current financial year, led by new product launches and exports business.

In custom synthesis and manufacturing business, IDFC expects strong recovery.

Its robust orderbook provides revenue visibility for next three years and unique business model enables growth despite headwinds, the research house said.

IDFC expects revenue and net profit to grow at a compounded rate of 12 percent and 6 percent, respectively, over the financial years through March 2020.

For more information ✆ – 0731-6642300 or Visit http://www.epicresearch.co

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Epic Research
Epic Research
Epic Research - Investment Adviser is a leading financial services provider with presence in Indian and other global capital markets. Call on - 0731-664-2300