Accumulate Era Infra: Prabhudas Lilladher

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Accumulate Era Infra: Prabhudas Lilladher

Prabhudas Lilladher has maintained its accumulate rating on Era Infra Engineering, in its report dated August 3, 2010.

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Prabhudas Lilladher has maintained its accumulate rating on Era Infra Engineering , in its report dated August 3, 2010.

"Era Infra Engineering has posted a steady growth, despite a slowdown in the construction sector. We expect it to continue on account of its robust clientele and order book. We have kept our estimates unchanged. At CMP of Rs 220, the stock discounts FY11E earnings by 11.0x and FY12E earnings by 10.2x (10.0x and 8.5x core earnings respectively). We maintain 'Accumulate' on the stock," says Prabhudas Lilladher report.

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To read the full report click on the attachment