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Jun 02, 2009, 10.22 AM IST
Fairwealth Securities has recommended a buy rating on Moser Baer, with price target of Rs 160. Moser Baer is a potential multi bagger which can give huge returns if the technology company is betting on (Thin film PV cells) establishes itself as best cost PV cells.
Fairwealth Securities has recommended a buy rating on Moser Baer with a price target of Rs 160, in its report dated May 25, 2009.
"We initiate a buy call on Moser Baer, on basis of huge potential in its PV business, stabilizing sales in Optical discs and increasing share in high margins Blu-Ray and DVD format production. Also positive Operational cash flows and stable balance sheet is a trigger for the company. Moser Baer is a potential multi bagger which can give huge returns if the technology company is betting on (Thin film PV cells) establishes itself as best cost PV cells. Company as well as experts expect PV to achieve Grid parity within next couple of years. Besides Moser Baer there are many other players in the country which are betting huge on this business like Videocon and Reliance, but Moser Baer, one of the earliest entrants into the business is likely to get maximum benefit due to its manufacturing capabilities and expertise in high end technology work. We initiate a buy call on Moser Baer, with a target price of 160. We recommend Risk averse (avoiding) investors to ignore this stock," says Fairwealth Securities' report.
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