LKP Research is bullish on Craftsman Automation has recommended buy rating on the stock with a target price of Rs 3883 in its research report dated January 24, 2023.

Buy Craftsman Automation; target of Rs 3883: LKP Research

Anand Rathi is bullish on Craftsman Automation has recommended buy rating on the stock with a target price of Rs 3891 in its research report dated January 23, 2023.

Buy Craftsman Automation; target of Rs 3891: Anand Rathi

The auto ancillary company’s consolidated net profit surged 37.26% to Rs 51.61 crore on 35.17% rise in revenue from operations to Rs 749.03 crore in Q3 FY23 over Q3 FY22.

Craftsman Automation Q3 PAT jumps 37% YoY to Rs 52 cr

Craftsman Automation said that CRISIL Ratings has revised its outlook on the long-term bank facilities of the company to ‘positive’ from ‘stable’, while reaffirming the rating at ‘CRISIL A+’.

CRISIL revises Craftsman Automation’s rating outlook to ‘positive’; reaffirms ratings

Incorporated in December 2006, DRAIPL manufactures aluminum cylinder heads, a critical auto component used in passenger vehicles as outer shells of internal combustion engines in its single manufacturing facility in Chennai

Craftsman Automation shares rally 10% on acquistion buzz

The company has agreed to buy 76% stake in DR Axion India for Rs 375 crore.

Craftsman Automation Shares Surge After It Agrees To Buy Auto Parts Maker DR Axion

Craftsman Automation shares on fire after buying out DR Axion India

New India Assurance Company Ltd, General Insurance Corporation of India, Gujarat Pipavav Port Ltd and Eureka Forbes Ltd are among the other gainers in the BSE’s ‘A’ group today, 30 December 2022.

Craftsman Automation Ltd leads gainers in ‘A’ group

Craftsman Automation surged 8.46% to Rs 3,530 after the company said that it has entered into a definitive agreement to acquire 76% of share capital of DR Axion India (DRAIPL) on 29 December 2022.

Craftsman Automation spurts on inking pact to buy stake in DRAIPL

The company and DRAIPL both operate in the auto components space and have strengths in complementary areas. The acquisition will help both entities leverage their strengths and build better synergies.

Craftsman Automation soars 9%; hits record high on acquisition of DR Axion

Craftsman Automation shares rose 3.48% to Rs 3388 against the previous close of Rs 3274 on BSE

Craftsman Automation shares rise post Rs 370-crore bulk deal

Hasn't faired well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Craftsman Automation is engaged in the business of engineering products and manufacturing services.

Craftsman Automation Ltd