Motilal Oswal sees a 20% upside in Kajaria Ceramics stock; 5 key points why the brokerage is upbeat about the stock4 min read 23 May 2023, 12:55 PM IST
Kajaria Ceramics share price: The stock is up about 8 per cent for the calendar year 2023 so far against a 2 per cent gain in the benchmark Sensex.
Brokerage firm Motilal Oswal Financial Services has initiated coverage on Kajaria Ceramics with a 'buy' rating and a target price of ₹1,490, implying a 20 per cent upside potential in the stock. The brokerage firm is positive about the stock because of the company's growing market share, capacity expansions and improving return ratios and balance sheet.
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