Midcap Stock Idea - Stove Kraft Ltd For Target 950 By Angel Broking Ltd
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Stove Kraft: CMP-Rs831 Target Price:-Rs950
Today, Stove Kraft Ltd (SKL) is up 5.5%. SKL engaged in the business of manufacturing & selling Kitchen & Home appliances products like pressure cookers, LPG stoves, non-stick cookware etc. under the brand name of 'Pigeon' and 'Gilma'. Over the 2-3, the company has outperformed its peers in terms of sales growth in the Cookers & Cookware segment. Going forward, we expect SKL to report healthy top-line & bottom-line growth on the back of gaining market share, increase in penetration of cooking gas, new product launches, strong brand name & wide distribution network and healthy demand for kitchen product post Covid-19.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
