We had released our initiating coverage report on Kajaria Ceramics Ltd. with a Buy rating on September 07, 2020 at Rs.444 for a target price of Rs.540 showcasing an upside of ~22%. Since our initiating report, the stock has posted a high of Rs.545 thereby achieving our target price. AT CMP, the stock has returned ~20% since our initiation.
With the recent run-up in the share price, our Target Price for the stock is achieved; hence, we now recommend our investors to book profits at the current price as we close our coverage on the company.
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