Buy Suprajit Engineering; target of Rs 246: Edelweiss
Edelweiss is bullish on Suprajit Engineering has recommended buy rating on the stock with a target price of Rs 246 in its research report dated February 14, 2017.
Edelweiss' research report on Suprajit Engineering
Over FY16-19, we estimate consolidated EPS to log CAGR of 18% and RoE (including PHLL) to remain stable at 21.5%. We introduce FY19E EPS of INR 10.6 and upgrade to ‘BUY’ with TP of INR 246 (20x SEL’s FY19E core EPS, INR 18 cash/share, INR 34 for PHLL and INR 24 for Wescon).
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