Gravita India Gets A 'Buy' Rating From Axis Securities, Sees 20% Upside; Here's Why

NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Axis Securities Report.We are initiating coverage on Gravita India Ltd. with a Buy recommendation and a target price of Rs 3,000/share, implying an upside of 20% from the current market price. Established in 1992, Gravita India is a leading recycling company and one of the largest lead producers in India. The company's business is organized across four specialized verticals: lead recycling (flagship), aluminum recycling, plastic recycling and turnkey projects. The company is headquartered in Jaipur, India and has multiple scrap collection and recycling facilities within India and at overseas locations. The company generates the majority of its revenues from Lead recycling and is foraying in newer verticals which are likely to benefit from the global push for the adoption of circular economy. With its planned capacity additions, Gravita appears to be well-positioned to benefit from strong tailwinds in the sector. We believe Gravita provides a dual opportunity to benefit from the eminent growth of the recycling industry along with the rising preference for sustainability/ESG-focused investments..Click on the attachment to read the full report:.Gravita India - Turning Trash Into Triumph, Globally: Motilal Oswal.DISCLAIMERThis report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Gravita India Gets A 'Buy' Rating From Axis Securities, Sees 20% Upside; Here's Why

With its planned capacity additions, the company appears to be well-positioned to benefit from strong tailwinds in the sector, says the brokerage.

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Gravita India Gets A 'Buy' Rating From Axis Securities, Sees 20% Upside; Here's Why

With its planned capacity additions, the company appears to be well-positioned to benefit from strong tailwinds in the sector, says the brokerage.

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