Buy Nagarjuna Construction, target of Rs 151: Motilal Oswal
Motilal Oswal has maintained its buy rating on Nagarjuna Construction Company with a target price of Rs 151 in its May 29, 2009 research report.
“Nagarjuna Construction’s revenues for 4QFY09 stood at Rs 11 billion (-12.4%YoY, vs estimate of Rs 14.3 billion) and net profit of Rs 382 million (-27.4%YoY, vs estimate of Rs 560 million). While execution was impacted due to revenue reversal of Rs 1.2 billion in Bharat Oman refinery project, delays in few other projects coupled with losses in road projects losses impacted profitability for the quarter. Consolidated FY09 profits stand at Rs 1.8 billion (up 8.3%) and include Rs 182 million of profits from overseas contracting companies.”
“We have revised our standalone earnings downward by 4% for FY10 and 5% for FY11. We now expect NCC to report standalone EPS of Rs 8.8/sh in FY10 (up 31% YoY) and Rs 10.6/share in FY11 (up 21% YoY). We maintain Buy, with price target of Rs 151/share,” says Motilal Oswal’s research report.
source: Moneycontrol
Tags: buy rating, buy stocks, hot stocks, hot tips, india tips, Motilal Oswal, NSE Tips, share market, short term nagarjuna construction
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
