JM Financial maintains Buy on EPACK Durables, revises target price to Rs 480

JM Financial maintains a Buy call on EPACK Durables, revising the target price to Rs 460. The company reported a strong Q4 with a 36% YoY increase in PAT. EPACK Durables is expanding capacity with a significant investment, expecting to outgrow the industry through customer diversification, including a partnership with Hisense, with ODM manufacturing already underway.