India's Venus Pipes gains; Investec starts with 'buy'

Venus Pipes & Tubes

19/02/2025 08:12

** Venus Pipes And Tubes  VENS.NS  rises 4% to 1,225 rupees
    ** Investec starts with "buy"; TP of 1,665 rupees, which is
a 36% premium to current price
    ** Calls co "fastest growing player" in industry; sees 20%
CAGR for volume over FY24-27
    ** Says anti-dumping duties have cut Chinese pipe imports,
benefitting domestic players
    ** Stock rated "strong buy" on avg; median TP is 2,073
rupees - LSEG
    ** VENS down 19% YTD

 (Reporting by Sethuraman NR in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 9945291420); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))