GEPL’s Pick of the Week – 20th December (video)

With a positive stance on the roofing business, we recommend Everest Industries for the fourth time as GEPLs pick of the week at the price of Rs 190 and target of Rs 300 over the next 12 months. The Company is one of the leading players in the field of fibre cement building products and has recently made headway into offering construction solutions with Pre Engineered Steel Buildings which is revolutionizing the construction market. The focus on rural infrastructure and development should also augur well for the company. Strong growth is expected with the widening of the product offerings of the company. Having a pan India presence with large distribution network and facilities backed by the strong clientele that it caters to, the prospects are bright for the company going forward. We thereby recommend a BUY on the stock.

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