Accumulate India Infoline, target of Rs 165: P Lilladher

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Accumulate India Infoline, target of Rs 165: P Lilladher

Prabhudas Lilladher has recommended an accumulate rating on India Infoline, with price target of Rs 165. The outlook for most business segments of India Infoline is good to excellent over the next couple of years.

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Prabhudas Lilladher has recommended an accumulate rating on India Infoline , with price target of Rs 165, in its report dated July 20, 2009.

"The outlook for most business segments of India Infoline is good to excellent over the next couple of years. Strong growth is expected in broking, financing, investment banking and asset management. Overall Revenue and Earning CAGR over FY09-11 is expected to be 27.8% and 32.5% respectively. Maintain 'Accumulate', with price target of Rs 165," says Prabhudas Lilladher's report.

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