Angel neutral on Fame India

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Angel neutral on Fame India

Angel Broking has maintained its neutral view on Fame India. At the CMP of Rs 53, Fame India is trading at rich valuations of 15.4x FY2010E EPS, which is relatively expensive when compared to its peers.

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Angel Broking has maintained its neutral view on Fame India in its June 17, 2008 research report. "At the CMP of Rs 53, Fame India is trading at rich valuations of 15.4x FY2010E EPS, which is relatively expensive when compared to its peers. Moreover, downside risks in terms of Earnings disappointment (owing to higher Tax rate and lower other Income) cannot be ruled out. Hence, we maintain our Neutral view on the stock," says Angel's research report.

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