Khambatta Securities is bullish on Rama Steel Tubes has recommended buy rating on the stock with a target price of Rs 165 in its research report dated February 14, 2017.
Khambatta Securities' research report on Rama Steel Tubes
At the CMP, the stock trades at a P/E multiple of 18.4x/15.3x/13.0x FY17/FY18/FY19 EPS. With focus on expansion to high demand market, operating efficiencies and value added products, we expect the Company to deliver better results in the future. We continue to recommend BUY on the stock with our price target of Rs 165 (16.3x on FY19E EPS), an upside potential of 25%.
For all recommendations, click here
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.