Ceigall India shares may see another 48% upside, says JM Financial
Thu, Nov 14, 2024 3:23 PM

Ceigall India shares may see another 48% upside, says JM Financial

A Flip by Shubhangi Gupta
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Brokerage firm JM Financial has initiated coverage on newly listed Ceigall India stock with a ‘buy’ rating, on strong revenue growth prospects driven by a robust order pipeline. The brokerage has set a target price of ₹450 apiece on the stock, indicating an upside of 48.53% compared to the previous closing price of ₹302.95 apiece on the BSE.

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