New Delhi, Sept. 23 -- Stylam Industries share price target: After years of building an export-led franchise in decorative laminates and premium surface solutions, Stylam Industries is entering a fresh phase of expansion. Domestic brokerage house ICICI Direct has initiated coverage on the stock, highlighting capacity expansion as a key driver of the next leg of growth.

ICICI Direct has initiated a BUY rating on Stylam Industries with a target price of Rs.4,000, implying an upside potential of around 21% from the last closing price of Rs.3,314. The brokerage has valued the company at 31x FY28E EPS, with a 12-month target period.

The company has begun commercial production at its new Manak Tabra facility, while pricing actions and improvi...