Buy VA Tech Wabag; target of Rs 630: ICICI Direct
ICICI Direct is bullish on VA Tech Wabag has recommended buy rating on the stock with a target price of Rs 630 in its research report dated February 14, 2017.
ICICI Direct's research report on VA Tech Wabag
We expect double digit margins 10.2% in FY19E. Accordingly, we value the company at 15x FY19E (17x FY18E earlier) EPS of Rs 42 to arrive at a target price of Rs 630.
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