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Angel Broking has recommended a neutral rating on Vishal Retail. The company is set to grow its Top-line and Bottom-line at a CAGR of 40% and 8% respectively, over FY2008-10E.
Angel Broking has recommended a neutral rating on Vishal Retail in its November 28, 2008 research report. "Vishal Retail (VRPL) is the fastest growing Retail player in India clocking CAGR of around 89% over FY2005-08. It is a niche player with strong focus on the Value Retailing segment catering majorly to consumers in Tier-II and III cities. It is currently present in around 100 cities."
"The company is set to grow its Top-line and Bottom-line at a CAGR of 40% and 8% respectively, over FY2008-10E. Even though at current levels of Rs 68, the stock is trading at very attractive valuations of 3.2x FY2010E Earnings and 0.4x FY2010E P/BV, there are concerns over its high Debt-to-Equity ratio, which is expected to be 2.7x in FY2010. Hence, we Initiate Coverage on the stock, with a Neutral recommendation," says Angel Broking's research report. Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions. ......
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