Buy Nitin Fire, target of Rs 585: Karvy

3753 Investors following Nitin Fire Prot. Share this News with them.

0

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

Buy Nitin Fire, target of Rs 585: Karvy

Karvy Stock Broking has maintained its buy rating on Nitin Fire Protection Industries with a target price of Rs 585. Karvy expects the company to report net profit of Rs 59 million and an EPS of Rs 4.7 for the quarter.

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS PINC maintained hold on GMDC Accumulate Bosch, tgt Rs 4336: Angel Broking Buy Godawari Power & Ispat, target of Rs 418: Emkay Buy Mcnally Bharat, target of Rs 255: Emkay Buy Godawari Power & Ispat, target of Rs 371: Hem Nitin Fire Prot BSE | NSE 28/05/12 Are Mutual Funds betting on Nitin Fire Prot?

Karvy Stock Broking has maintained its buy rating on Nitin Fire Protection Industries with a target price of Rs 585 in its June 19, 2008 research report. "The company is expected to report EBITDA of Rs 83 million for 4QFY08E as against Rs 77 million reported during 3QFY08. EBITDA margin is expected to increase marginally from 19.5% in 3QFY08 to 19.8% for 4QFY08E. We expect the company to report net profit of Rs 59 million and an EPS of Rs 4.7 for the quarter. At the current price of Rs 384 the stock trades at a PE of 22.8x FY08E and 9.1x FY09E. We maintain our BUY rating on the stock with a price target of Rs 585," says Karvy'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......