Buy Somany Ceramics, target price Rs 660: HDFC Securities

HDFC Securities recommends buying Somany Ceramics with a target price of Rs 660. Despite challenges from low-priced competitors and volatile exports, Somany’s new large-sized tile plant in Gujarat is set to boost growth. Strong financial projections and impressive management support the positive outlook. Promoters hold a 55.01% stake, highlighting confidence in the company’s potential.