Buy Astra Microwave, target of Rs 100: LKP Shares

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Buy Astra Microwave, target of Rs 100: LKP Shares

LKP Shares has recommended a buy rating on Astra Microwave Products with an 18 month price target of Rs 100. The research firm expects the company to grow its profits at a CAGR of 50% on the back of a 40% growth in revenues from FY'10.

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LKP Shares has recommended a buy rating on Astra Microwave Products with an 18 month price target of Rs 100 in its November 11, 2008 research report. "AMP is a technology driven company trading at 5.5xFY'10E earnings and would in our view consolidate this fiscal and be ready to take off from FY'10 onwards and we expect the company to grow its profits at a CAGR of 50% on the back of a 40% growth in revenues from FY'10. We recommend investors to start accumulating the stock for an 18 month price target of Rs 100. BUY," says LKP Shares' research report.

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To read the full report click on the attachment......