Buy Kirloskar Brothers, target Rs 113: KRChoksey

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Buy Kirloskar Brothers, target Rs 113: KRChoksey

KRChoksey Research has recommended a buy rating on Kirloskar Brothers, with price target of Rs 113. At the target price, the stock would be valued at 10.7x FY09E EPS of Rs 10.6.

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KRChoksey Research has recommended a buy rating on Kirloskar Brothers , with price target of Rs 113, in its report dated October 23, 2008. "At the CMP of Rs 80.5, the stock is trading at 7.7x FY08 EPS of Rs 10.4 and 7.6x FY09E EPS of Rs 10.6. We 'Re-rate' the stock and recommend a BUY with a target price of Rs 113, implying an upside potential of 40%. At the target price, the stock would be valued at 10.7x FY09E EPS of Rs 10.6," says KRChoksey's research report.

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