RR Kabel share price may see 15% upside: Prabhudas Lilladher initiates coverage with a Buy call
Prabhudas Lilladher initiated coverage on RR Kabel shares with a ‘Buy’ call and a target price of ₹1,407 per share, valuing at 35x FY25 earnings. The target price on RR Kabel shares implies an upside of nearly 20% upside from Thursday’s closing price.
The latest stock market debutant RR Kabel received a rating boost from a domestic brokerage house soon after the listing. RR Kabel shares were listed on September 20 at a 14% premium to issue price. RR Kabel share price began trading at ₹1,179 on BSE and ₹1,180 on NSE as compared to the issue price of ₹1,035 per share.
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