RESPONIND / NSE / Constr. - Supplies & Fixtures
Responsive Industries
1Y Price Trend
Key Information
Recommendations
Target High251
Target Low117.8
Target Mean0
Target Median0
Risk Metrics
Overall RiskHigh risk
Board Risk49.6
Key Analysis
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Responsive Industries share price jumped 17% after a US-India trade deal reduced tariffs on Indian products. The company expects to benefit from increased exports, especially in luxury vinyl flooring, which drives significant revenue from the US market.
Responsive Industries expects significant growth due to India's infrastructure plans, with Ventura Securities initiating a buy rating and a target price of ₹ 436, indicating a potential 48% upside. The company is positioned to supply PVC membranes for 75 tunnel projects funded by ₹ 1 lakh crore.
Ventura Securities initiates coverage on Responsive Industries, citing long-term growth opportunities in vinyl tiles. Imposition of 25% import duty on Chinese products in the US creates opportunities for Indian manufacturers.
Multibagger stock has risen from ₹ 75 to ₹ 240 apiece levels on NSE in last three years during post-Covid rebound
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