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Buy Jyoti Structures: Prabhudas Lilladher

Posted on: May 25th, 2009 and is filed under Brokerage Recommendations.

Prabhudas Lilladher is bullish on Jyoti Structures and has maintained its buy rating on the stock in its May 18, 2009 reports.

“At the CMP of Rs 104, Jyoti Structures trades at 7.8x FY10E and 6.1x FY11E earnings of Rs 13.3 and Rs 17, respectively. A falling interest rate environment, coupled with JSLs strong order book of Rs 36 billion (2 x FY09) executable over 18-21 months and expectation of strong order inflow to continue domestically, helps us maintain our ‘BUY’ rating,” says Prabhudas Lilladher’s report.

source: MOneycontrol

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