Buy DCM Shriram Industries, target of Rs 175: Sunidhi Sec

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Buy DCM Shriram Industries, target of Rs 175: Sunidhi Sec

Sunidhi Securities & Finance has recommended a buy rating on DCM Shriram Industries with a target price of Rs 175. DCMSIL to benefit from diversified business model, expected lower domestic sugar production, increase in the sugar consumption, increasing sugar prices and improved Q1FY10 results.

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Sunidhi Securities & Finance has recommended a buy rating on DCM Shriram Industries with a target price of Rs 175 in its August 12, 2009 research report.
 
"In view of DCMSIL's diversified business model, expected lower domestic sugar production, increase in the sugar consumption, increasing sugar prices coupled with improved Q1FY10 results by DCMSIL, the shares are recommend to 'BUY' with a target of Rs 175 in the medium term," says Sunidhi Securities & Finance's research report.

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