Buy Balrampur Chini, target of Rs 148: Sharekhan
Sharekhan has recommended a buy rating on Balrampur Chini, with price target of Rs 148, in its report dated June 8, 2009.
“We value Balrampur Chini Mills at an EV/EBIDTA of 7x FY2011E considering the hefty profit growth expected over FY2008-11. Based on this valuation we arrive at a fair value of Rs148 for the stock. At the current market price of Rs 98 the stock trades at 9.7x its FY2010 and 7.9x its FY2011 EPS estimates and 5.6x its FY2010 EV/EBIDTA and 4.7x its FY2011 EV/EBIDTA estimates. We re-initiate coverage on the stock with a Buy recommendation and a price target of Rs 148, implying an upside of 51.8% from the current market price,” says Sharekhan’s report.
Tags: Balrampur Chini, brokerage calls & tips, buy rating, sharekhan buy stoks
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
