Avendus Spark has initiated coverage on Indo Count Industries with a 'Buy' rating, setting a price target of ₹348 per share. This marks the brokerage firm's entry into coverage of the textile company with a positive recommendation.

Brokerage Recommendation Details

The following table summarizes the key details of Avendus Spark's recommendation:

Market Implications

The initiation of coverage with a 'Buy' rating indicates Avendus Spark's confidence in Indo Count Industries' business fundamentals and growth prospects. The ₹348 price target represents the brokerage's assessment of the stock's fair value based on their analysis of the company's financial performance and market position.

Indo Count Industries operates in the textile sector, and this positive recommendation from Avendus Spark may influence investor sentiment toward the stock. The brokerage's decision to initiate coverage suggests they see value in the company's current market positioning and future potential.

Investment Perspective

Brokerage recommendations serve as analytical tools for investors, providing professional assessments of company valuations and market prospects. Avendus Spark's 'Buy' rating on Indo Count Industries reflects their positive outlook on the textile company's ability to deliver returns to shareholders at current market levels.

Investors should note that while this recommendation provides valuable insight, it is essential to conduct independent research and consider multiple factors before making investment decisions. The price target of ₹348 per share indicates Avendus Spark's expectation for potential upside in the stock, but market conditions and company performance can influence actual stock movements.

Indo Count Industries Limited has announced a key senior management appointment, strengthening its information technology leadership team. The textile company disclosed the appointment under regulatory compliance requirements to stock exchanges on December 15, 2025.

Senior Management Appointment

The company has appointed Mr. Arul Sakthivel as Vice President-Information Technology, effective December 15, 2025. This position is categorized as Senior Management Personnel under the company's organizational structure.

Professional Background and Qualifications

Mr. Sakthivel brings extensive experience to his new role, with over 30 years of expertise in managing IT projects and initiatives across diverse industries and domains. His educational qualifications include:

• Bachelor's degree in Science
• Master's degree in Computer Applications
• PGDM in Computer Applications Financial Management

Industry Experience and Expertise

The newly appointed Vice President has worked with several textile and automotive technology companies throughout his career. His professional expertise encompasses multiple critical areas of information technology management, including:

• Project finalization and management
• Solution deployment across various platforms
• Infrastructure management and optimization
• Cybersecurity protocols and implementation
• Data center operations and maintenance
• Business continuity planning and execution

Regulatory Compliance

The appointment was announced in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure follows SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023, ensuring transparency in senior management changes.

The company confirmed that the disclosure of relationships between directors is not applicable for this appointment, as the position pertains to senior management personnel rather than board-level appointments.