CLSA Initiates Outperform Rating on ASK Auto with Target Price of ₹630
CLSA has initiated coverage on ASK Auto with an Outperform rating and target price of ₹630 per share. The fresh coverage represents a positive outlook from the brokerage firm on the automotive component manufacturer's prospects.
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CLSA has initiated coverage on ASK Auto with an Outperform rating, setting a target price of ₹630 per share for the automotive component manufacturer.
Analyst Recommendation Details
The brokerage firm's coverage initiation includes the following parameters:
| Parameter: | Details |
|---|---|
| Rating: | Outperform (O-P) |
| Target Price: | ₹630 |
| Coverage Status: | Fresh Initiation |
Investment Outlook
The Outperform rating indicates CLSA's expectation that ASK Auto's stock performance will exceed broader market or sector benchmarks. This positive assessment reflects the brokerage's analysis of the company's business fundamentals and growth prospects in the automotive components sector.
The target price of ₹630 represents CLSA's valuation assessment based on their analytical framework and market expectations for ASK Auto's future performance.
Historical Stock Returns for Lemon Tree Hotels
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +2.57% | -0.20% | -6.80% | +5.25% | +7.31% | +267.66% |
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