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Motilal Oswal initiates coverage on Indigo Paints with 'buy' rating

videos | Dec 31, 2021 11:36 AM IST

Motilal Oswal initiates coverage on Indigo Paints with 'buy' rating

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Motilal Oswal Financial Services (MOFSL) has initiated coverage on Indigo Paints with a buy rating for a target of Rs 2,270.

Motilal Oswal Financial Services (MOFSL) has initiated coverage on Indigo Paints with a buy rating for a target of Rs 2,270.

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The financial services firm expects sales compounding of 28 percent, EBITDA compounding of 35 percent and profit compounding of 41 percent from FY21 to FY24 and that’s why a buy rating on the stock and that explains the colour that Indigo Paints is showing in trade.
Watch the accompanying video of CNBC-TV18’s Mangalam Maloo for more details.
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