Real-time Stock quotes, portfolio, LIVE TV and more.
Jul 19, 2010, 07.21 PM IST
Firstcall India Equity Advisors is bullish on Elgi Equipments and has recommended buy rating on the stock with a target of Rs 150 in its July 17, 2010 research report.
“At the current market price of Rs 121.85, Elgi Equipments is trading at 13.90 x FY11E and 12.24 x FY12E respectively. Price to Book Value of the stock is expected to be at 2.79 x and 2.27 x respectively for FY11E and FY12E. Earning per share (EPS) of the company for the earnings for FY11E and FY12E is seen at Rs 8.77 and Rs 9.96 respectively. The company is exploring various organic growth opportunities by developing new products to meet market needs. We expect that the company will keep its growth story in the coming quarters also. We recommend buy in this particular scrip with a target price of Rs 150 for medium to long term investment,” says Firstcall India Equity Advisors 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.
To read the full report click here
Action in Elgi Equipments
May 23 2013, 16:33
- in Asian markets
May 23 2013, 09:33
- in Technicals