Gravita India Shares May Rise 38%, Says ICICI Securities As It Maintains 'Buy' Post Q4 Earnings

ICICI Securities believes that Gravita India’s management is firmly focused on growth across both existing and new verticals; at the same time, it is increasing contribution of value-added products and lowering the reliance on lead. The brokerage believes that capex of Rs 15 billion over the next three years, represents a massive jump over the past years (past eight years capex at Rs 5.3 billion) and is likely to provide a solid pick...