Buy Lloyd Electric and Engineering, target of Rs 142: Emkay

Published on Wed, Jul 02, 2008 at 12:23 |  Source : Moneycontrol.com

Updated at Wed, Jul 02, 2008 at 12:28  

2885 Investors following Lloyd Electric. Share this News with them.
0
0
Share on Tumblr

RELATED NEWS

Emkay Global Financial Services has recommended a buy rating on Lloyd Electric and Engineering with a target price of Rs 142 in its July 1, 2008 research report. "Given the strong growth prospects for LEEL, we expect the standalone revenues, EBITDA and PAT to grow at a CAGR of 27%, 30% and 33.2% respectively during FY08A-10E. At the CMP of Rs 98, the scrip trades at 4.5xFY09E and 3.3xFY10E earnings respectively, which is at a discount to its peers."

"We initiate coverage on the stock with a BUY rating and a price target of Rs 142. At our target price, the scrip trades at a one year forward P/E of 6.5x," says Emkay's research report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

For further details click on attachment......

  

Trending News

Business News

Indian PC market growth sluggish in Q1; Lenovo tops the list
Nifty level to watch is 5,150; Bank Index upside is modest "Nifty level to watch is 5,150; Bank Index upside is modest "

Team Anna accuses 15 UPA ministers of graft

Telecom Secy Says EGoM To Take A Decision Based On TRAI Analysis

The latest earning numbers FIRST on CNBC-TV18
Videos

May 25 2012, 22:26

NHPC posts profit amid capacity addition, delay woes

- in Results Boardroom

Interviews

May 25 2012, 22:00 | Source: CNBC-TV18

Petrol hike on soft global levels is short-sighted: Narayan  

May 25 2012, 17:05 | Source: CNBC-TV18

Expect single digit growth in ad revenue in FY13: Sun TV  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!