Buy Bombay Rayon; target of Rs 338: P Lilladher

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Buy Bombay Rayon; target of Rs 338: P Lilladher

Prabhudas Lilladher is bullish on Bombay Rayon Fashions and has recommended buy rating on the stock with a target of Rs 338, in its August 05, 2010 research report.

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Prabhudas Lilladher is bullish on Bombay Rayon Fashions and has recommended buy rating on the stock with a target of Rs 338, in its August 05, 2010 research report.

"We believe that Bombay Rayon Fashions (BRFL) is well positioned as against its domestic peers, given its in-house designing capabilities, better margins and strong earnings growth along with visibility. BRFL is trading either at par or at discount to peers. We believe that it should trade at a premium than peers, considering that it's well-positioned. We maintain our "BUY" rating on stock," says Prabhudas Lilladher research report.

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To read the full report click on the attachment