Economy
Garware Hi-Tech shares double investor wealth over past year
Livemint1h
THE BRIEF
1
Shares of Garware Hi-Tech Films Limited delivered a 98.60% return over the past year, nearly doubling investors' wealth amid a 125.47% year-to-date rally.
2
The specialty films manufacturer posted record second-quarter revenues of ₹696 crore, marking a 22% annual increase and a 42% growth in EBITDA to ₹169 crore.
3
InCred Equities maintained a 'Buy' rating on the debt-free company with a target price of ₹7,880, projecting an additional 12% upside potential.