Buy Marg, target of Rs 193: Firstcall

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Buy Marg, target of Rs 193: Firstcall

Firstcall Research has come out with a research report on Marg. The broking firm has recommended buying in the scrip with a target price of Rs 193.

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Firstcall Research has come out with a research report on Marg . The broking firm has recommended buying in the scrip with a target price of Rs 193.

The report says, "At the current market price of Rs.175.25, the stock is trading at 4.93 x FY11E and 4.29 x FY12E respectively. Price to Book Value of the stock is expected to be at 0.91 x and 0.75 x respectively for FY11E and FY12E. Earning per share (EPS) of the company for the earnings for FY11E and FY12E is seen at Rs.35.57 and Rs.40.83 respectively."

"Net Sales and PAT of the company are expected to grow at a CAGR of 30% and 39% over 2009 to 2012E respectively. On the basis of EV/EBITDA, the stock trades at 3.05 x for FY11E and 2.66 x for FY12E. We recommend buy in this particular scrip with a target price of Rs 193 for Medium to Long term investment," according to 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