Buy JMC Projects, tgt Rs 315: KRChoksey

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Buy JMC Projects, tgt Rs 315: KRChoksey

KRChoksey Research has recommended a buy rating on JMC Projects (India) with a target price of Rs 315.

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KRChoksey Research has recommended a buy rating on JMC Projects (India) with a target price of Rs 315 in its August 21, 2008 research report. "At CMP of Rs 211 the stocks trades at 10.9x its TTM EPS of Rs 18.35 and 8.3x its FY09E EPS of Rs 24.01. We recommend a BUY On the stock with a price target of Rs 315 which would discount its FY09E EPS of Rs 24.01 by 13.1x," says KRChoksey's research report.

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