SBI Securities starts coverage of India's Carysil with 'buy'

Carysil

20/04/2026 06:35

** SBI Securities initiates coverage on Carysil CARY.NS with "buy" rating and a PT of 1,120 rupees

** Brokerage prefers the Indian kitchen and bath solutions provider for its market leadership in composite quartz kitchen sink segment

** Adds, co's aggressive capacity addition coupled with healthy demand will drive topline growth

** CARY also enjoys a low-cost advantage due to its global distribution network and has a strategically diverse product portfolio - SBI Securities

** Avg rating of three analysts at "strong buy"; median PT is 1,231 rupees - LSEG compiled data

** Stock down 0.6% at 897 rupees on Monday

 (Reporting by Kashish Tandon in Bengaluru)

 ((Kashish.tandon@thomsonreuters.com))