Sell Grindwell Norton, target Rs 327 : Anand Rathi

Anand Rathi has a sell call on Grindwell Norton Ltd. with a target price of Rs 327 .The current market price of Grindwell Norton Ltd. is Rs 319.5 Time period given by the brokerage is a year when Grindwell Norton Ltd. price can reach defined target. The brokerage said optimism about sales growth and prof itability has been captured in the valuation. So, about 12% earnings CAGR over FY16-19 would lead to restrained potential in the next two years.