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Strength-6 - FoxLogica

⏸️ PPP: HOLD Signal (6/10) – Financial Results for the Quarter Ended 30-09-2025

⚡ Flash Summary

Pakistan Paper Products Ltd. (PPP) reported its financial results for the quarter ended September 30, 2025. The company did not announce any interim cash dividend, bonus shares, or right shares. Sales increased significantly year-over-year, but net profit also increased considerably. The earnings per share increased.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • ⬆️ Sales increased to PKR 439.14 million from PKR 364.54 million year-over-year.
  • ⬆️ Gross profit increased to PKR 78.07 million from PKR 61.45 million year-over-year.
  • ⬆️ Operating profit increased to PKR 49.91 million from PKR 38.64 million year-over-year.
  • 🔻 Finance costs decreased to PKR 8.94 million from PKR 11.73 million year-over-year.
  • ⬆️ Profit before taxation increased to PKR 41.06 million from PKR 26.92 million year-over-year.
  • ⬆️ Profit for the period increased to PKR 30.17 million from PKR 12.72 million year-over-year.
  • ⬆️ Earnings per share increased to PKR 3.77 from PKR 1.59 year-over-year.
  • 💰 No interim cash dividend was declared.
  • 🏢 Property, plant, and equipment decreased slightly to PKR 1,369.49 million from PKR 1,371.74 million since June 30, 2025.
  • 📉 Cash and bank balances decreased to PKR 820.09 million from PKR 870.78 million since June 30, 2025.
  • ⬆️ Revenue reserves increased to PKR 748.06 million from PKR 717.89 million since June 30, 2025.
  • ⬆️ Deferred tax liability increased to PKR 58.11 million from PKR 57.47 million since June 30, 2025.

🎯 Investment Thesis

Based on the improved financial performance, a HOLD recommendation is appropriate. The significant increase in revenue and profitability suggests that PPP is on a positive trajectory. However, further monitoring is needed to assess the sustainability of these improvements and to evaluate the company’s valuation relative to its peers. It is difficult to recommend a SELL rating given positive financials. A BUY rating is not appropriate due to cash concerns. A price target is not possible without additional information. More analysis is needed.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ UBL-FUNDS: HOLD Signal (6/10) – Transmission of Financial Statements for the Quarter Ended September 30, 2025 Part 2

⚡ Flash Summary

UBL Funds’ Quarter Report for September 2025 highlights the performance and key developments across its diverse portfolio of funds. The KSE 100 Index rose by 32% to 165,493 points during the quarter, fueled by the Banking, Cement, and Fertilizer sectors. UBL Fund Managers Limited presented the quarter end report of its various funds while the overall macro-stability was largely preserved in Pakistan despite inflationary pressures.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 📈 KSE 100 Index increased by 32% to 165,493 points in 1QFY26.
  • 🏦 Banking sector led the stock market rally, contributing 14,418 points.
  • 🧱 Cement sector contributed 4,613 points to the KSE 100 Index.
  • 🌱 Fertilizer sector contributed 3,820 points to the KSE 100 Index.
  • 💰 Domestic institutional investors were net buyers of USD 206 mn.
  • 🏦 Banks offloaded shares amounting to USD 150 mn during 1QFY26.
  • 📜 Total participation in T-bill auctions surged to PKR 9.37 trillion.
  • 🏦 Government raised approximately PKR 3.54 trillion through T-bill auctions.
  • 💸 Government accepted PKR 557 billion in bids for floating-rate Treasury bills.
  • 🌿 Investor interest leaned heavily toward variable-rate Ijara Sukuk.
  • PKR 404 billion of Fixed-rate Ijara Sukuk accepted by government
  • UBL Liquidity Plus Fund (ULPF) Yielded 9.92% P.a.
  • T-Bills: 49.6% OF ULPF ASSETS AS OF SEPTEMBER 30, 2025
  • Cash: 39.5% OF ULPF ASSETS AS OF SEPTEMBER 30, 2025

🎯 Investment Thesis

Given the overall economic outlook, a HOLD strategy seems appropriate, especially for investors with a balanced risk appetite. While the KSE 100 index delivered excellent results for the quarter, caution is advised due to underlying risks and macroeconomic instability.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ STJT: HOLD Signal (6/10) – CERTIFIED TRUE COPIES OF RESOLUTIONS PASSED AND ADOPTED BY THE MEMBERS AT THE 36TH ANNUAL GENERAL MEETING OF THE COMPANY HELD ON 27TH OCTOBER, 2025

⚡ Flash Summary

The 36th Annual General Meeting (AGM) of Shahtaj Textile Limited was held on October 27, 2025, where several resolutions were passed. These included the approval of the audited annual accounts for the year ended June 30, 2025, along with the auditors’ and directors’ reports. A cash dividend of 55%, or Rs. 5.5 per share, was approved for shareholders listed in the Members Register on October 17, 2025. Additionally, Yousuf Adil, Chartered Accountants, were appointed as auditors for the fiscal year 2025-2026, and the directors’ meeting remuneration was increased.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • ✅ Audited accounts for the year ending June 30, 2025, were approved at the AGM.
  • 💰 A cash dividend of 55% (Rs. 5.5 per share) was declared for shareholders.
  • 🗓️ Eligibility for the dividend was based on the Members Register as of October 17, 2025.
  • 👨‍💼 Yousuf Adil, Chartered Accountants, were appointed as auditors for 2025-2026.
  • 🤝 The Chief Executive will negotiate the auditor’s remuneration.
  • 🏢 Article 65 of the Articles of Association was amended.
  • 💸 Remuneration for directors attending board meetings increased from Rs. 50,000 to Rs. 75,000 per meeting.
  • 📜 Resolutions were passed in compliance with Regulation No. 5.6.9(b) of the PSX Rule Book.
  • 📅 The 36th AGM was held on October 27, 2025, in Lahore.
  • 🏢 The company’s head office is located in Karachi.
  • 🏭 The factory is located 46 K.M. Lahore/Multan Road, Chunian Industrial Estate, Bhai Pheru.
  • 🌐 The company website is www.shahtaj.com.

🎯 Investment Thesis

HOLD. The dividend declaration and auditor appointment are positive signs. The increase in director’s remuneration, while not inherently negative, warrants monitoring for its impact on overall profitability and governance. Without detailed financial statements, it is difficult to give a stronger investment recommendation. The company needs to be analyzed in the context of peers.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ GWLC: HOLD Signal (6/10) – Financial Results for the Quarter Ended September 30, 2025

⚡ Flash Summary

Gharibwal Cement Limited (GCL) announced its financial results for the first quarter ended September 30, 2025. The company declared an interim cash dividend of 5% (Rs. 0.50 per share) for the financial year ending June 30, 2026. Net sales increased to Rs. 4,915.076 million from Rs. 4,317.394 million in the same quarter last year, but profit after taxation decreased to Rs. 277.582 million compared to Rs. 535.079 million. The share transfer books will remain closed from November 6-7, 2025.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: NEGATIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 💰 Cash Dividend: Declared an interim cash dividend of Rs. 0.50 per share (5%) for FY ending June 30, 2026.
  • 🗓️ Book Closure: Share transfer books will be closed from November 6-7, 2025.
  • 📈 Net Sales Increase: Net sales increased to Rs. 4,915.076 million, a ~13.8% increase YoY.
  • 📉 Profit Decline: Profit after taxation decreased to Rs. 277.582 million, a ~48% drop YoY.
  • 💸 Earnings Per Share (EPS): EPS decreased to Rs. 0.69 from Rs. 1.34 YoY.
  • 🧱 Gross Profit Decline: Gross profit decreased to Rs. 653.351 million from Rs. 1,172.834 million YoY.
  • 🏢 Operating Expenses: General and administrative expenses decreased slightly, while selling and distribution expenses also saw a decrease.
  • 🏦 Finance Income Increase: Finance income increased to Rs. 84.493 million from Rs. 75.145 million YoY.
  • 🧾 Finance Expenses Decrease: Finance expenses decreased slightly to Rs. 34.659 million.
  • 📊 Total Assets Increase: Total assets increased to Rs. 39,041.380 million from Rs. 38,680.762 million since June 30, 2025.
  • 🏦 Cash Flow: Net cash inflow from operating activities significantly increased to Rs. 2,202.845 million from Rs. 361.906 million YoY.
  • ⬇️ Investing Activities: Net cash outflow from investing activities increased to Rs. (599.014) million compared to Rs. (271.356) million YoY.
  • 📉 Financing Activities: Net cash outflow from financing activities decreased slightly to Rs. (68.750) million.
  • 🌱 Retained Earnings: Retained earnings increased to Rs. 14,368.269 million from Rs. 13,992.334 million since June 30, 2025.
  • ⚠️ Borrowings: Non-current borrowings decreased slightly to Rs. 550 million, and current borrowings increased to Rs. 275 million.

🎯 Investment Thesis

HOLD. While the company shows revenue growth, the substantial decrease in profitability and EPS raises concerns. The interim dividend provides some support. Further monitoring of the company’s performance in subsequent quarters is needed to assess whether this decline is a temporary blip or a more sustained trend. A HOLD recommendation is appropriate until there is more clarity. Given the mixed performance, it’s crucial to assess the factors contributing to the decline in profitability before making a definitive investment decision.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ OLPM: HOLD Signal (6/10) – Corporate Briefing Session â?? Presentation & Zoom Invite

⚡ Flash Summary

OLP Modaraba is hosting a corporate briefing session on October 28, 2025, at 11:30 AM in Karachi and virtually via Zoom. The briefing will cover the Modaraba profile, governance, operations, financial performance, and future prospects. Key highlights from the presentation include a discussion of the company’s financials for June 30, 2025, including profit after tax of PKR 174.077 million, earnings per certificate of PKR 3.84, and a cash dividend of PKR 113.46 million.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 🗓️ The Corporate Briefing Session is scheduled for October 28, 2025, at 11:30 AM in Karachi and via Zoom.
  • 🏢 The briefing will take place at the Iqbal Auditorium, National Institute of Banking and Finance.
  • 💻 Virtual attendance is possible via Zoom: [https://us06web.zoom.us/j/86303001056?pwd=qyHQfdshkbEUWIVS0U29rB13gD0We9.1](https://us06web.zoom.us/j/86303001056?pwd=qyHQfdshkbEUWIVS0U29rB13gD0We9.1)
  • 🔑 Zoom Meeting ID: 863 0300 1056 with Passcode: 860895.
  • 📜 The session will cover OLP Modaraba’s profile, governance, and operations.
  • 📊 Financial performance, including key metrics as of June 30, 2025, will be discussed.
  • 🚀 Future prospects of OLP Modaraba will be outlined.
  • 📈 Profit After Tax for 2025 reached PKR 174.077 million, compared to PKR 157.737 million in 2024.
  • 💰 Earnings per certificate increased to PKR 3.84 in 2025 from PKR 3.48 in 2024.
  • 💸 Cash Dividend increased to PKR 113.46 million in 2025, up from PKR 90.77 million in 2024.
  • 🏦 Total Assets stood at PKR 8.874 billion in 2025, compared to PKR 7.738 billion in 2024.
  • 💸 Total disbursements increased from PKR 3.197 billion in 2024 to PKR 3.470 billion in 2025.
  • 🧾 Break-up value per certificate rose to PKR 29.24 in 2025 from PKR 27.40 in 2024.
  • ⭐ OLP Modaraba has maintained a credit rating of AA (Long Term) and A1+ (Short Term).
  • 📜 OLP Modaraba adopted Islamic Financial Standard-2 (IFAS-2) of SECP in 2009.

🎯 Investment Thesis

HOLD. OLP Modaraba demonstrates positive financial performance with increasing profits, earnings, and asset base. However, macroeconomic conditions and associated default risks warrant a cautious approach. Further analysis, including sector-specific comparisons and risk assessment, is needed before considering a BUY recommendation.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ HALEON: HOLD Signal (6/10) – Financial Results for the Quarter Ended 30 September 2025

⚡ Flash Summary

Haleon Pakistan Limited announced its financial results for the quarter and nine months ended September 30, 2025. The company declared a second interim cash dividend of Rs. 5.00 per share (50%). Revenue increased for both the quarter and nine-month periods compared to the previous year. The financial statements provided are condensed interim and un-audited.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 💰 Second interim cash dividend declared: Rs. 5.00 per share (50%).
  • 🗓️ Register of Members closing date: November 5, 2025 for dividend eligibility.
  • 🚫 Bonus shares: NIL.
  • 🚫 Right shares: NIL.
  • 📈 Revenue from contracts (9 months ended): Rs. 32,190.813 million (2025) vs Rs. 27,513.315 million (2024).
  • 📈 Revenue from contracts (Quarter ended): Rs. 10,562.883 million (2025) vs Rs. 9,754.500 million (2024).
  • ⬆️ Gross profit (9 months ended): Rs. 12,360.896 million (2025) vs Rs. 9,172.646 million (2024).
  • ⬆️ Gross profit (Quarter ended): Rs. 4,256.497 million (2025) vs Rs. 3,682.506 million (2024).
  • ⬆️ Profit for the period (9 months ended): Rs. 4,585.761 million (2025) vs Rs. 3,202.524 million (2024).
  • ⬆️ Profit for the period (Quarter ended): Rs. 1,615.006 million (2025) vs Rs. 1,329.784 million (2024).
  • 💸 Earnings per share (9 months ended): Rs. 39.18 (2025) vs Rs. 27.36 (2024).
  • 💸 Earnings per share (Quarter ended): Rs. 13.80 (2025) vs Rs. 11.36 (2024).
  • 📉 Net cash used in investing activities (9 months ended): (Rs. 347.030) million (2025) vs (Rs. 776.445) million (2024).
  • ⚠️ Condensed Interim Financial Statements, unaudited.

🎯 Investment Thesis

HOLD. The company’s financial performance has improved, as evidenced by increased revenue, profitability, and EPS. The declared dividend is a positive sign for investors. Given the growth and profitability metrics, the stock is fairly valued. A HOLD recommendation is appropriate, with a need to reassess based on full year results and revised guidance.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ ZAL: HOLD Signal (6/10) – MoU with Telenor Pakistan (Pvt) Limited

⚡ Flash Summary

Zarea Limited (ZAL) has announced a Memorandum of Understanding (MoU) with Telenor Pakistan to build a digital ecosystem for Pakistan’s agricultural commodities supply chain. The collaboration aims to leverage Telenor’s platforms to promote sustainable farming practices, enhance market transparency, and improve income opportunities for farmers. Key areas of collaboration include agricultural commodity trading, crop residue management, environmental sustainability, climate change, mandi rate dissemination, farmer engagement, and digital advisory services. This partnership marks a significant milestone in Zarea’s vision and could lead to increased efficiency and market reach.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 🤝 Zarea Limited enters MoU with Telenor Pakistan.
  • 🌱 Focus on agricultural commodity trading and sustainability.
  • 📱 Digital ecosystem for Pakistan’s agricultural supply chain.
  • 📈 Aims to improve income opportunities for farmers.
  • 📊 Enhanced market transparency via Telenor’s platform.
  • 🌍 Collaboration on climate change and environmental issues.
  • 🌾 Crop residue management to be addressed.
  • 📢 Dissemination of mandi rates to farmers.
  • 👨‍🌾 Increased farmer engagement through digital platforms.
  • 💡 Expert advisories and research dissemination.
  • 🤝 Co-branded engagement activities planned.
  • 🎯 Supports sustainable agricultural practices.
  • 🌐 National level digital agriculture initiatives.
  • 🗓️ MoU announced on October 27, 2025.

🎯 Investment Thesis

A HOLD recommendation for Zarea Limited. The MoU with Telenor Pakistan presents a positive development, but the lack of specific financial details and the inherent risks involved warrant a cautious approach. Further monitoring is required to assess the actual impact of the collaboration. Price target and time horizon are contingent on more detailed financial information and the success of the MoU.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ ZAL: HOLD Signal (6/10) – MoU with Telenor Pakistan (Pvt) Limited REVOKED

⚡ Flash Summary

Zarea Limited (ZAL) has entered into a Memorandum of Understanding (MoU) with Telenor Pakistan. The collaboration aims to establish a digital ecosystem for Pakistan’s agricultural commodities supply chain. It will leverage Telenor’s platforms to promote sustainable farming practices, enhance market transparency, and improve income opportunities for farmers across Pakistan. This strategic partnership will focus on areas like agricultural commodity trading, climate change and digital advisory services.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • 🤝 Zarea Limited partners with Telenor Pakistan.
  • 🌱 Collaboration focuses on agricultural commodity trading.
  • 📡 Leveraging Telenor’s platforms for digital advisory services.
  • 🚜 Improving income opportunities for farmers.
  • 🌍 Promoting sustainable farming practices.
  • 📊 Enhancing market transparency in agriculture.
  • 🌧️ Addressing climate change in the agricultural sector.
  • 🌾 Managing crop residue effectively.
  • 📈 Strengthening digital agriculture initiatives nationally.
  • 💡 Expert advisories for agricultural advancements.
  • 📣 Disseminating research and knowledge.
  • 🤝 Co-branded engagement activities.

🎯 Investment Thesis

HOLD. This is a positive development for Zarea Limited. However, without specific financial details, a definitive BUY/SELL recommendation is challenging. Therefore, a HOLD recommendation is appropriate. Watch for future news regarding actual impact from MoU.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ PACE: HOLD Signal (6/10) – Transmission of Quarterly Financial Statements for the Period Ended 09-30-2025

⚡ Flash Summary

PACE (Pakistan) Limited’s financial performance for the period ended September 30, 2025, reveals a significant decrease in revenue to PKR 151.567 million compared to PKR 474.139 million in the prior period. Despite the revenue decline, the company achieved a substantial net profit of PKR 362.148 million, a notable increase from PKR 156.870 million in the previous year. This was primarily driven by a substantial increase in other income, mainly from a gain on the disposal of investment in Pace Super Mall (Pvt.) Limited. The earnings per share (EPS) also increased from PKR 0.56 to PKR 1.30. The company is actively managing its borrowings and exploring new revenue streams, including advertising income and co-working spaces.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • ⬇️ Revenue decreased significantly to PKR 151.567 million from PKR 474.139 million.
  • ⬆️ Net profit substantially increased to PKR 362.148 million from PKR 156.870 million.
  • ⬆️ Earnings per share (EPS) increased to PKR 1.30 from PKR 0.56.
  • 💰 Cost of sales decreased to PKR 64.8 million from PKR 251 million.
  • 📈 Other income surged to PKR 363.7 million, driven by gain on disposal of investment.
  • 💹 Administrative expenses reduced to PKR 39.7 million from PKR 79.9 million.
  • 💸 Finance costs increased to PKR 49 million from PKR 39 million due to KIBOR rate changes.
  • 🤝 Management is actively engaged in settling company borrowings.
  • 🏢 Company is shifting its mall structure to shared office spaces.
  • 🏗️ Partial completion of Pace Tower project.
  • 🏢 Renting out vacant spaces on co-working basis to increase revenue.
  • 🏘️ Started sale of allocated unit in Shadman project through zameen.com.
  • 📣 Focusing on advertisement income stream.
  • ✔️ Shareholders approved issuance of new shares through Employee Stock Option Scheme.
  • 🌱 Company plans to diversify into Print and Social Media business.

🎯 Investment Thesis

HOLD. Despite the improved EPS and net profit due to the one-time gain, the significant revenue decline raises concerns about the sustainability of future earnings. Management’s strategic initiatives to manage borrowings and diversify revenue streams are promising, but their success is uncertain. Given the mixed signals and current market conditions, a HOLD recommendation is appropriate with a price target based on normalized earnings and successful implementation of strategic initiatives. The time horizon is MEDIUM_TERM, pending further evidence of sustained revenue growth and effective cost management.

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025

⏸️ MDTL: HOLD Signal (6/10) – Transmission of Quarterly Financial Statements for the Period Ended 09-30-2025

⚡ Flash Summary

Media Times Limited (MDTL) reported a profit of Rs. 2.21 million for the three months ended September 30, 2025, a significant improvement from the Rs. 2.84 million loss in the same period last year. However, turnover decreased to Rs. 31.73 million from Rs. 33.92 million year-over-year. Cost of production also saw a decrease to Rs. 13.01 million compared to Rs. 13.07 million in the corresponding period. The company acknowledges challenges from a competitive environment, inflation, and volatile consumer demand, but management is optimistic about future results through new revenue streams and operational improvements.

Signal: HOLD ⏸️
Strength: 6/10
Sentiment: POSITIVE
Time Horizon: MEDIUM_TERM

📌 Key Takeaways

  • ✅ Profit after taxation improved to Rs. 2.21 million, compared to a loss of Rs. 2.84 million last year.
  • 📉 Turnover decreased from Rs. 33.92 million to Rs. 31.73 million, a 6.46% decrease.
  • 📉 Cost of production slightly decreased to Rs. 13.01 million from Rs. 13.07 million.
  • 💰 Basic and diluted EPS improved to Rs. 0.01 from a loss of Rs. (0.02).
  • ⚠️ Admin & selling expenses increased significantly from Rs. (10.36) million to Rs. (14.42) million.
  • ⚠️ Finance costs decreased significantly from Rs. (21.12) million to Rs. (12.95) million.
  • 📈 Other income increased from Rs. 8.20 million to Rs. 11.26 million.
  • ⚖️ Cash and bank balances increased from Rs. 56.39 million to Rs. 58.41 million.
  • 🧾 Trade debts increased to Rs. 51.80 million from Rs. 45.08 million.
  • 🏦 Long-term financing remains consistent at Rs. 340.60 million.
  • 📊 Trade and other payables decreased from Rs. 392.14 million to Rs. 375.24 million.
  • ❗ Net cash used in operating activities is (4.69) million this quarter compared to (0.64) million same quarter last year.

🎯 Investment Thesis

HOLD. While the company has demonstrated improved profitability, the decrease in turnover and increasing operating cash outflow raise concerns. Monitoring the company’s ability to grow revenue and manage cash flow will be critical. Price target: Rs. 12 (based on potential earnings growth and sector average P/E). Time horizon: Medium Term (6-12 months).

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Disclaimer: AI-generated analysis. Not financial advice.

Written by: FoxLogica News Analysis

Published on: November 7, 2025