Buy Man Ind, target of Rs 55: SBICAP Securities

3668 Investors following Man Industries. Share this News with them.

0

Like this story, share it with millions of investors on M3

Buy Man Ind, target of Rs 55: SBICAP Securities

SBICAP Securities has maintained buy rating on Man Industries Ltd with price target of Rs 55. At the CMP of Rs 33, MIL is trading at a PE of 2.7x and 2.4x its CY09E and CY10E earnings respectively.

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Buy Jindal Saw, target of Rs 435: SBICAP Securities Buy Welspun Guj, target of Rs 165: SBICAP Securities Reduce Infosys, target of Rs 1246: P Lilladher Angel neutral on Vishal Retail Angel neutral on Titan Industries ALSO READ See previous views by SBICAP Securities See what other Experts & Brokerages are saying about Man Industries See messages about Man Industries Man Industries BSE | NSE 30/05/12 Are Mutual Funds betting on Man Industries?

SBICAP Securities has maintained buy rating on Man Industries Ltd with price target of Rs 55 in its November 21, 2008 research report. "At the CMP of Rs 33, MIL is trading at a PE of 2.7x and 2.4x its CY09E and CY10E earnings respectively. EV/EBIDTA is at 2.9x and 1.7x CY09E and CY10E respectively. We had initiated coverage on MIL during June 2007 with a BUY rating and a target price of Rs 150. We still maintain the BUY rating with a reduced target price of Rs 55 implying an upside of 66%," says SBICAP Securities' 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.

To read the full report click on the attachment......