Going ahead, we expect GWRL to report a healthy topline
in anticipation of strong domestic as well as export sales. On the domestic
front, we expect demand to pick up with an expected growth in the agriculture
and fisheries segments in the country. Further, we expect the company to continue
reporting strong numbers on back of higher demand for aquaculture and sports
products globally and also with the company tapping new geographies. Hence,
we recommend an Accumulate rating on the stock with a target price of Rs618.

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