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HDFC Securities recommends buying Somany Ceramics, lowering the target price to Rs 660. Somany Ceramics, a small-cap company in the building materials sector, showed mixed financial results for Q3, 2024. Despite weak demand, the company foresees volume growth in FY25 and FY26, with its new tile plant in Gujarat supporting future expansion. Promoters hold a 55.01% stake.
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