ICICI Direct gives Buy on Ratnaveer, target ₹475

ICICI Direct Research has assigned a Buy rating to Ratnaveer Precision Engineering with a target price of ₹475/share, valuing it at 24x FY28 EPS. It projects 39.2% revenue CAGR and 60.6% PAT CAGR through FY28, driven by stainless-steel expansion and a ₹338 crore Copper Clad Laminate facility with trial production slated for December 2026.