Hold Reliance Communications, target of Rs 171: KRChoksey
KRChoksey has upgraded its rating on Reliance Communications from sell to hold with a target price of Rs 171 in its March 3, 2009 research report. “Based on management’s guidance, we expect RCOM’s near term margins to remain relatively stable at the EBITDA level. However, PAT is likely to bear the impact of higher depreciation and interest costs. We also need to account for higher debt relating to the upcoming 3G rollout. We have reduced our FY10 target price based on lower EBITDA expectations. We therefore upgrade our rating on RCOM from SELL to a HOLD with a revision in target price from Rs 150 to Rs 171 implying an upside potential of 14.0%. At the target price the stock would be valued at 5.1x FY10E EPS of Rs 33.6,” says KRChoksey’s research report.
Tags: calls, daytrading, free calls, intraday, tips
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
