Ghandhara Automobiles Ltd (GAL): Upward Revision in Earnings, 3Q Preliminary Estimates - By Sherman Research

<p></p><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Following our January 14, 2025, report, "Breaking Monopolies: GAL Introduces JAC T9 Hunter&ldquo;, we are revising our earnings forecast upward by 34-62% for FY25-26 and raising our target price to Rs705 per share, driven by the T9 Hunter&rsquo;s strong market response.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">We maintain a &ldquo;Buy&rdquo; stance, as the stock is currently trading at an attractive FY26 P/E of 5.1x.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Our earlier assessment of the T9 Hunter (in pickup market) as a monopoly breaker has proven accurate as evidenced by its overwhelming market response. T9 Hunter&rsquo;s appealing aes...