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Accumulate ABG Shipyard, target of Rs 230: P Lilladher

Posted on: June 26th 2009 in Brokerage Recommendations.

Prabhudas Lilladher has maintained its accumulate rating on ABG Shipyard, with price target of Rs 230, in its report dated June 22, 2009. “Although ABG’s debt increased from Rs 12 billion in Q3FY09 to Rs 15 billion in Q4FY09, the overall finance charge declined from Rs 513 millio…

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Accumulate ABG Shipyard for target of Rs 230: Prabhudas Lilladher

Posted on: June 23rd 2009 in Brokerage Recommendations.

MUMBAI: Prabhudas Lilladher has maintained Accumulate rating on ABG Shipyard after the company announced its quarterly results. The brokerage expects the stock to touch a target price of Rs 230 per share. ABG Shipyard’s topline for the quarter stood at Rs 3,368.6 million indicating a …

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