Buy BEML, target of Rs 1330: Hem

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Buy BEML, target of Rs 1330: Hem

Hem Securities has recommended a buy rating on BEML with a target price of Rs 1330. BEML Ltd. has reported great figures for Q1FY10. The net sales of the company have gone up from Rs.2879.20 million in Q1FY09 to Rs.4654.60 million in Q1FY10 showing an increase of 61.66%.

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RELATED NEWS BEML Q1 net profit up net at Rs 5.3 cr ALSO READ See previous views by Hem Securities See what other Experts & Brokerages are saying about BEML See messages about BEML BEML BSE | NSE 01/06/12 Are Mutual Funds betting on BEML?

Hem Securities has recommended a buy rating on BEML with a target price of Rs 1330 in its August 19, 2009 research report.

"BEML Ltd. has reported great figures for Q1FY10. The net sales of the company have gone up from Rs.2879.20 million in Q1FY09 to Rs.4654.60 million in Q1FY10 showing an increase of 61.66%. We recommend 'BUY' on the stock with a medium term price target of Rs.1330.00," says Hem's research report.
 
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To read the full report click on the attachment......