India's Doms Industries rises after Antique Stock Broking initiates with 'buy'

Doms Industries

03/12/2025 06:27

** DOMS Industries DOMS.NS rises 2.9% to 2575 rupees

** Antique Stock Broking initiates coverage with 'buy' rating, PT at 3250 rupees, implying 30% upside to last close

** Brokerage says the stationery manufacturer is well poised to grow at a faster pace in the overall consumption space

** Cites capacity addition, distribution expansion and strong innovation pipeline as key positives

** Adds DOMS' capacity constraints in the last two years are set to be eased by its new 44 acre facility

** Says co can easily more than double its reach to 300,000 outlets from 145,000 currently

** Stock rated 'buy' on avg by 9 analysts, with median PT of 2875 rupees

** YTD, shares of co down ~2%

 (Reporting by Ananta Agarwal in Bengaluru)

 ((Ananta.Agarwal@thomsonreuters.com))