3800 Investors following Mastek. Share this News with them.
0
Like this story, share it with millions of investors on M3
Buy Mastek, target of Rs 412: PINC Research
PINC Research has maintained its buy rating on Mastek with a revised 12-month price target of Rs 412. At the CMP of Rs 323, the stock is trading at a P/E of 7.1x and EV/EBIDTA of 3.6x.
PINC Research has maintained its buy rating on Mastek with a revised 12-month price target of Rs 412, in its April 11, 2008 research report. "At the CMP of Rs 323, Mastek is trading at a P/E of 7.1x and EV/EBIDTA of 3.6x. Mastek's greater focus on fixed bid projects and increasing Elixir sales would in the long run, give it the capabilities to efficiently leverage its cost base leading to improving margins and profitability, which we believe can lead to Mastek commanding valuations at the higher end of mid cap peers. Hence we maintain our 'BUY' recommendation with a revised 12-month price target of Rs 412," says PINC'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.
