Sharekhan Research recommends a BUY on Gokaldas Exports Ltd. (GKEL) with an unchanged price target of Rs. 1,140, implying an upside potential of over 37% from the current market price of Rs. 830.
Sharekhan has reaffirmed its Buy recommendation on Welspun Living Limited (WLL) with an adjusted price target of Rs. 189, driven by revenue growth yet tempered by margin pressures.
KPR Mill share price would be in focus in today's session as SBI Mutual Fund has added 2.85 percent stake in the company. SBI Mutual Fund is currently holding 7 percent in KPR Mill.
Van Heusen, the premium formal-wear brand from Madura Garments, is targeting a turnover of Rs 400 crore by 2011-12 as against Rs 250 crore now on the back of new stores.
According to reports, it has been revealed that the company intends to open 75 exclusive stores over the next three years focusing on Tier II and III cities.
The firm is eyeing 25-30 per cent of the business from Tier II and III cities by 2011-12.