Subscribe to ITNL IPO for long-term: Aditya Birla Money
Published on Fri, Mar 12, 2010 at 11:00 | Source : Moneycontrol.com
Updated at Tue, Apr 06, 2010 at 17:49
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Subscribe to ITNL IPO for long-term: Aditya Birla Money
Aditya Birla Money has come out with a research note on IL&FS Transportation Networks' (ITNL) IPO. The broking firm has recommended subscribing to the issue with long-term perspective.
Aditya Birla Money has come out with a research note on IL&FS Transportation Networks' (ITNL) IPO. The broking firm has recommended subscribing to the issue with long-term perspective.
ITNL will raise upto Rs 700 crore through its IPO, which will close on March 15. The price band is at Rs 242-258 per share.
The report says, "On the upper band of the issue price Rs.258, the company has priced its issue on a PE of 21.39x on its annualized earnings and P/BV of 3.23x. By considering the factors such as - Strong parentage, presence in high growth industry, strong track record in business, we recommend subscribe on the issue with long-term perspective."
Disclaimer: The views and investment tips expressed by investment experts 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.
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