India's Carysil climbs to six-month high on positive growth view

Carysil

06/04/2023 07:20

** Shares of Carysil  CARY.NS  rise as much as 5.49% to
613.75 rupees, highest in six months
    ** Domestic brokerage firm Monarch Networth Capital
initiates coverage on kitchen sinks maker with "buy" rating
    ** Keeps target price at 780 rupees, 35% implied upside from
last close
    ** CARY, a global leader in quartz sinks, poised for market
share improvement, says Monarch Networth
    ** Scaling up of domestic operations to provide long-term
avenue for growth- brokerage
    ** Estimates revenue growth of 24% CAGR (compound annual
growth rate) over FY2022-25
    ** Trading volume at 190,298 shares as of 11:41 a.m. IST,
1.4 times the 30-day avg of 136,323 shares - Refinitiv data




 (Reporting by Bharath Rajeswaran in Bengaluru)
 ((bharath.rajeswaran@thomsonreuters.com; +91 9769003463))