Buy Jyoti Structures: SKP Securities

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Buy Jyoti Structures: SKP Securities

SKP Securities has maintained its buy rating on Jyoti Structures. Jyoti Structures Ltd (JSL) has shown a revenue growth of 32% from Rs 3,185 million in Q2 FY08 to Rs 4,212 million in Q1 FY09.

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SKP Securities has maintained its buy rating on Jyoti Structures in its November 4, 2008 research report. "Jyoti Structures Ltd (JSL) has shown a revenue growth of 32% from Rs 3,185 million in Q2 FY08 to Rs 4,212 million in Q1 FY09. At the current price level of Rs 59 the stock is trading at 7x, 5x and 3x of FY08, FY09E and FY10E earnings of Rs 8.6, Rs 12.08 and Rs 17.13 respectively. We continue to be bullish about company's future growth prospects and maintain BUY," says SKP Securities' research report.

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