ICICI Direct is bullish on Simplex Infrastructure has recommended buy rating on the stock with a target price of Rs 365 in its research report dated February 16, 2017.
ICICI Direct's research report on Simplex Infrastructure
In our view, SIL would be a key beneficiary of government’s focus on infrastructure development coupled with cabinet’s move to boost liquidity in the sector. Hence, we maintain our BUY recommendation on the stock with a target price of Rs 365/share. We have valued its EPC business at Rs 346/share (at 6.5x FY18E EV/EBITDA).
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