Motilal Oswal raises Midwest target to Rs 1150

GreyOak summary

Motilal Oswal reiterated a BUY rating on Midwest with a revised target price of Rs 1,150. The company reported 15% YoY revenue growth in 2QFY27, driven by a 29% increase in combined granite production. The stock trades at 10x FY28E EV/EBITDA.