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Buy Garware Wall Rope, tgt Rs 310: Finquest
Finquest research has maintained buy rating on Garware Wall Ropes with target price of Rs 310. At CMP of Rs 233, the stock trades at a P/E of 20x FY2008E, 14.2x FY2009E and 10.5x FY2010E our EPS estimates of Rs 11.6, 16.4 and 22.2 respectively.
Finquest research has maintained buy rating on Garware Wall Ropes with target price of Rs 310 in its January 07, 2007 report. "Garware Wall-Ropes Ltd (GWRL) is a leading provider of applications based solutions for fishing, shipping, sports, and infrastructure projects. With the geo-synthetic segment catching up pace, GWRL is ideally poised to benefit and scale up its operations.At CMP of Rs 233, the stock trades at a P/E of 20x FY2008E, 14.2x FY2009E and 10.5x FY2010E our EPS estimates of Rs 11.6, 16.4 and 22.2 respectively. We Initiate Coverage on the stock with a 'Buy' recommendation and a price target of Rs 310," according to Finquest report.
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