Buy Hyderabad Ind; target of Rs 800: Fairwealth Sec

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Buy Hyderabad Ind; target of Rs 800: Fairwealth Sec

Fairwealth Securities is bullish on Hyderabad Industries and has recommended buy rating on the stock with a target of Rs 800, in its May 06, 2010 research report.

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Fairwealth Securities is bullish on Hyderabad Industries and has recommended buy rating on the stock with a target of Rs 800, in its May 06, 2010 research report.

"Hyderabad Industries Q4FY10 results were above our expectations. The topline grew 14% YoY to Rs 703 crore (In line with our expectations) The EBITDA expanded by 71% to Rs 159.03 cr (Above our expectations). The net profit improved by 104% YoY to Rs 89.72 crore (Above our expectations) due to lower interest cost and high operating profit. We remain with our target price of Rs 800 for next 6- 9 months . We rate Hyderabad Industries as BUY with a target price of Rs 800."

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To read the full report click on the attachment