The domestic brokerage has maintained a sell rating on the stock with an increased fair value of Rs 7,850. It said the margin trajectory is likely to lag expectations, led by growth moderation in the entry-level segment, which will increase discounts, and unfavorable forex and uptick in base metal prices.
Ellenbarrie Industrial Gases shares rise 5% after securing Rs 481 crore order from BHEL
Ellenbarrie Industrial Gases shares rallied 5.10% after the company secured a Rs 481-crore contract from BHEL to build a 1,200 TPD cryogenic Air Separation Unit