Houseviews: Best bets on SBI, Glenmark, Havells & OBC
Published on Thu, May 31, 2012 at 00:00 | Source :
SBI
Brokerage: RBS
Rating: BUY
Target: Rs 2701
Rationale: As per the current pricing norms, government's infusion of Rs 7900 crore of equity into SBI will be at about Rs 1937 rupees a share. While this implies a 6.4% equity dilution, free float benefits on the new equity capital will largely offset the impact on EPS.
