ICICI Securities maintains a Hold call on Century Plyboards, revising the target price to Rs 743. The company reported a 13% YoY revenue growth in Q4FY25, driven by plywood and MDF segments, though overall margins contracted. While management anticipates strong growth in FY26, ICICI Securities has adjusted EBITDA estimates, citing margin pressures in laminates and MDF.
Dharmesh Shah sees strong support at 25,500–25,700; expects Nifty to rebound towards 26,100 soon
Indian markets saw pressure with Nifty dipping below key support. Analysts believe this is a healthy correction within a bull trend. Nifty is expected to