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Accumulate Genus Power, target of Rs 411: Anagram
Anagram Research has recommended an accumulate rating on Genus Power Infrastructures with a target price of Rs 411. The stock is available at extremely attractive valuation of 7 times forward earnings at Rs 336.
Anagram Research has recommended an accumulate rating on Genus Power Infrastructures with a target price of Rs 411 in its June 28, 2008 research report. "Government's thrust on 100% electronic metering and expansion in power generation capacity to sustain GDP growth are key revenue drivers for Genus Power infrastructure. An enormous opportunity of replacing approximately 14 million electronic meters is available for companies operating in this space. "
"Going by a conservative base case for revenue growth and earnings multiple we expect, GPL to clock Rs 48 per share for FY09. The stock is available at extremely attractive valuation of 7 times forward earnings at Rs 336. Investors can accumulate the share with a conservative price target of Rs 411 (8.5 x FY09 EPS 48) with twelve month horizon," says Anagram's research report.
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