Analysts have notably raised their outlook for Sirca Paints India, as stronger expected revenue growth and a higher forward P/E multiple have driven the consensus price target up from ₹387.91 to ₹500.00.
What's in the News
- Board approved raising funds through the issuance of securities via public/private offerings, including preferential allotment and qualified institutional placements.
- Announced private placement of 2,011,000 equity shares at Rs. 379.5 each, aggregating up to INR 76.32 crore, with participation from multiple institutional and non-promoter investors.
- Scheduled EGM to consider preferential issue of 2,011,000 equity shares to identified non-promoter persons.
- Appointed Finportal Investments Private Limited as Investor Relations Agency to enhance investor communications and outreach.
- Scheduled board meetings to approve unaudited quarterly results, re-constitute board committees, and address changes in proposed allottees and number of equity shares.
Valuation Changes
Summary of Valuation Changes for Sirca Paints India
- The Consensus Analyst Price Target has significantly risen from ₹387.91 to ₹500.00.
- The Future P/E for Sirca Paints India has significantly risen from 29.52x to 33.76x.
- The Consensus Revenue Growth forecasts for Sirca Paints India has significantly risen from 21.9% per annum to 24.6% per annum.
Disclaimer
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