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The Economic Times
The Economic Times
Business
Rounak Khare

Sedemac Mechatronics shares can rally to Rs 3,700? Here’s why HSBC initiated coverage on the stock

HSBC

HSBC has initiated coverage on Sedemac Mechatronics with a Buy rating, setting a target price of Rs 3,700. The brokerage stated in its note that a strong growth trajectory supported by proven R&D capabilities justifies its premium valuation.

The brokerage estimates revenue to grow at an even faster 32% CAGR over FY26-29, along with an EBITDA CAGR of 35%, and PAT CAGR of 49%. It expects ROCE and ROIC to improve to 29% and 40% in FY29 (vs 24% and 27% in FY26), respectively.

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