Epack Durable Shares Get a Boost with ‘Buy’ Rating from Yes Securities, Sees 44% Upside Potential
Yes Securities has initiated coverage on Epack Durable Ltd. with a ‘Buy’ rating, citing the company’s commendable value proposition and strong growth potential in the RAC and Kitchen space.
Strong Value Proposition
The brokerage firm has highlighted several key factors that contribute to Epack Durable’s strong value proposition, including strategic partnerships with key players, robust manufacturing capabilities, and prudent capacity expansion. Additionally, the company’s focus on components manufacturing has resulted in backward integration, which is expected to drive growth and improve margins.
Growth Drivers
Yes Securities believes that the RAC and Kitchen space will continue to drive growth in the medium term, led by factors such as strong realty-infused demand, recent GST rate cuts, and growing share of the organized sector. The government’s impetus towards manufacturing and export boost is also expected to support growth in the sector.
Customer Addition and New Product Launches
Epack Durable has been adding new customers and launching new products, which is expected to drive revenue growth and improve margins. The company’s improving margin trajectory is also a positive factor, according to Yes Securities.
Outlook and Valuation
Yes Securities expects Epack Durable to outperform the industry in the medium term, driven by its strong value proposition and growth potential. The brokerage firm has assigned a ‘Buy’ rating to the stock, citing a potential upside of 44%.
Investment Rationale
For Indian investors and traders, Epack Durable’s strong value proposition and growth potential make it an attractive investment opportunity. The company’s focus on components manufacturing and backward integration is expected to drive growth and improve margins, while its strategic partnerships and robust manufacturing capabilities provide a competitive edge.
Conclusion
In conclusion, Yes Securities’ ‘Buy’ rating on Epack Durable shares is a positive development for investors and traders. The company’s strong value proposition, growth potential, and improving margin trajectory make it an attractive investment opportunity in the Indian stock market.
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