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Buy Hyderabad Industries; tgt of Rs 900: Sunidhi Securities
Sunidhi Securities is bullish on Hyderabad Industries and has recommended buy rating on the stock with a target of Rs 900 in its July 14, 2010 research report.
Sunidhi Securities is bullish on Hyderabad Industries and has recommended buy rating on the stock with a target of Rs 900 in its July 14, 2010 research report.
"Hyderabad Industries, a C K Birla Group company was incorporated as Hyderabad Asbestos Cement in June '46 and was renamed to the present one in 1985. HIL is into the business of producing building products, engineering goods and industrial products. It came out with its first public issue in 1946. HIL is the market leader in its segments. The strong demand of HIL's products and expansion initiated give strong visibility to revenue & profitability in the ensuing years. HIL is likely to post an EPS of Rs 137 in FY11 and Rs 152 in FY12. At the CMP of Rs 729, the share is trading at a P/E of 5.3x on FY11E and 4.8x on FY12E. We recommend buy with a target of Rs 900 in the medium term," says Sunidhi Securities research report.
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