{"id":121122,"date":"2024-03-20T16:19:22","date_gmt":"2024-03-20T10:49:22","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=121122"},"modified":"2024-03-20T16:57:52","modified_gmt":"2024-03-20T11:27:52","slug":"mid-cap-stock-that-can-deliver-returns-of-more-than-35","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/mid-cap-stock-that-can-deliver-returns-of-more-than-35\/","title":{"rendered":"Mid cap stock that can deliver returns of more than 35%; Do you own it?"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1591143886\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of the largest manufacturer of ceramic tiles gained up to 1.3 percent after Motilal Oswal, a well-known brokerage recommended a \u2018buy\u2019 rating.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-596917029\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>With a market capitalization of Rs 18,981.20 crore, the shares of Kajaria Ceramics Ltd closed at Rs 1,191.85 per share, increasing around 0.13 percent as compared to the previous closing price of Rs 1,190.25 apiece.&nbsp;<\/p><p>Looking into Kajaria Ceramics&#8217;s performance, revenue increased by 5 percent from Rs 1,091 crore in Q3 FY23 to Rs 1,152 crore in Q3 FY24. During the same period, net profit decreased by 45 percent, from Rs 74 crore to Rs 108 crore.&nbsp;<\/p><p><strong>Motilal Oswal, one of the well-known brokerages in India, gave a \u2018Buy\u2019 call on the tiles stock with a target price of Rs 1600, indicating a potential upside of 34 percent from Wednesday&#8217;s closing price of Rs 1191.85 per share.&nbsp;<\/strong><\/p><div class=\"trade-content_5\" id=\"trade-3193612972\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p><strong>Here is the rationale behind the bullish potential upside target:&nbsp;<\/strong><\/p><p>\u25cf KJC&#8217;s tile volume saw a 7% YoY growth in 9MFY24, with an estimated 6% growth in 4QFY24. Strong real estate demand and increased construction activities suggest future improvement. Historical data shows a volume CAGR of 17% during the previous real estate upcycle. Management aims for 5-6pp higher volume growth than the industry.&nbsp;<\/p><p>\u25cf In FY24, KJC expanded its tile manufacturing capacity by 6% to 86.47 msm. This expansion included modernization efforts at its Sikandrabad and Galipur plants, resulting in increased capacities to 11.40 million square meters and 40.42 million square meters, respectively, by focusing on larger tile sizes.&nbsp;<\/p><p>\u25cf The company is establishing a 5.1msm capacity in Nepal through a joint venture with Ramesh Corp, Nepal. KJC will invest around Rs 900 (total project cost of Rs1.81 billion). The project has been somewhat delayed and is now projected to be operational by June 24.&nbsp;<\/p><p>\u25cf Brokerage estimate revenue\/EBITDA\/PAT CAGR of 11%\/17%\/20% over FY24-26E. They also estimate KJC\u2019s OPM to improve to 16.9%\/17.6% in FY25\/FY26 from 15.9% in FY24.&nbsp;<\/p><p>On January 31, 2024, the Board approved an investment of up to \u20b9 50 crores to acquire a facility in Morbi (Gujarat) with an annual production capacity of 6 MSM of GVT through a 90% shareholding in KTPL.<\/p><div class=\"trade-content-10\" id=\"trade-1557973513\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_3_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"2969612066\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Kajaria Ceramics Limited is an Indian maker of ceramic and vitrified tiles. The company&#8217;s sectors include tiles and others. The Tiles division manufactures and trades ceramic and vitrified wall and floor tiles. The Others business is engaged in producing sanitary ware and faucets, as well as trading plywood and block board.&nbsp;<\/p><p><strong>Written by:- Abhishek Singh<\/strong><\/p><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-585189229\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of the largest manufacturer of ceramic tiles gained up to 1.3 percent after Motilal Oswal, a well-known brokerage recommended a \u2018buy\u2019 rating.&nbsp; With a market capitalization of Rs 18,981.20 crore, the shares of Kajaria Ceramics Ltd closed at Rs 1,191.85 per share, increasing around 0.13 percent as compared to the previous closing price [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":104923,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,13525],"tags":[],"class_list":["post-121122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-stock-updates"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Mid cap stock that can deliver returns of more than 35%; Do you own it? 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