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ICICI Securities Recommends Buying Gravita India
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ICICI Securities has recommended buying Gravita India, with a target price of Rs 2020, citing the company's favourable long-term outlook on recycled materials and its plans to enhance its existing capacity.
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ICICI Securities Recommends Buying Gravita India
ICICI Securities has recommended buying Gravita India, with a target price of Rs 2020. The research report cited the company's favourable long-term outlook on recycled materials and its plans to enhance its existing capacity. Gravita India's Q1FY27 EBITDA was below expectations due to higher costs and geopolitical challenges, but the company has earmarked capex of INR 16.8bn to enhance its existing capacity.
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