Sharekhan recommends buying Carborundum Universal stock

Sharekhan has published a new report recommending buying shares of Carborundum Universal. The investment firm has set a target price of Rs 1,100 for the stock. Concerns about sanctions on the Russian subsidiary, VAW, have eased. This change means there is no significant impact on the company’s financial health. VAW derives about 40% of its business from exports, with the U.S. contributing roughly 12% of total revenue, influencing just a 2% effect on the company's earnings. The company's management has lowered its growth guidance for the upcoming period to 5-6%, down from the previous 9-11%. Additionally, profit margins are expected to decrease by 100-120 basis points. Given these factors, Sharekhan has upgraded its recommendation to "Buy" with an adjusted target price. After a 34% decline in the stock price, analysts believe this presents a good buying opportunity. Investors are still advised to consult certified experts before making any decisions.