The company is eyeing at least Rs 500 crore revenue from its new consumer-facing electrical accessories business by the next fiscal.
In Q2FY21, the Ebitda margin improved to 24.7 per cent from 14.2 per in the corresponding quarter of the previous year.
Here are the technical recommendations by Vinay Rajani, Technical & Derivatives Analyst, HDFC Securities.
Net sales up 2.9% to Rs 799 crore; Full-year profit up more than five-fold to Rs 233 cr