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Buy Deepak Fertilizers, target of Rs 123: Emkay
Emkay Research has recommended a buy rating on Deepak Fertilizers and Petrochemicals Coprn with a price target of Rs 123. Emkay expects DFPCL to report net revenues of Rs 11.6 billion and Rs 12.1 billion and PAT of Rs 1.1 billion and Rs 1.2 billion in FY09E and FY10E, respectively.
Emkay Research has recommended a buy rating on Deepak Fertilizers and Petrochemicals Coprn with a price target of Rs 123 in its June 13, 2008 research report. "We expect DFPCL to report net revenues of Rs 11.6 billion and Rs 12.1 billion and PAT of Rs 1.1 billion and Rs 1.2 billion in FY09E and FY10E, respectively. EPS works out at Rs 12.4 for FY09 and Rs 13.3 for FY10. At present, the stock trades at 8.2x FY09E earnings. We maintain our BUY recommendation on the stock with a price target of Rs 123," says Emkay'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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