Buy VA Tech Wabag; target of Rs 746: Edelweiss
Edelweiss is bullish on VA Tech Wabag has recommended buy rating on the stock with a target price of Rs 746 in its research report dated February 13, 2017.
Edelweiss' research report on VA Tech Wabag
Maintain ‘BUY‘ with TP of INR746 (FY19E 19x P/E), given reasonable earnings CAGR (FY16-19E) of 30%, and 20%+ RoCE by FY19E in light of attractive 12x PE and 6/12M underperformance by 15/25% versus benchmark Sensex returns.
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