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Buy HCL Infosystems, target of Rs 150: Sushil Finance
Sushil Finance has recommended a buy rating on HCL Infosystems, with price target of Rs 150. The company has good track record of paying regular dividend in the past and total dividend of 250% had been recommended during the first nine months of FY09, which works out to 6.1% dividend yield at current price.
Sushil Finance has recommended a buy rating on HCL Infosystems , with price target of Rs 150, in its report dated July 22, 2009.
"The company has good track record of paying regular dividend in the past and total dividend of 250% had been recommended during the first nine months of FY09, which works out to 6.1% dividend yield at current price. At the CMP of Rs 110, the stock is available at an attractive valuation of 7.5x its FY10E EPS of Rs 14.7 & 1.2x its FY10E BVPS. Recommends buy with price target of Rs 150," says Sushil Finance report.
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