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Buy OCL India; target of Rs 148: Firstcall
Firstcall India Equity Advisors is bullish on OCL India and has recommended buy rating on the stock with a target of Rs 148 in its July 16, 2010 research report.
Firstcall India Equity Advisors is bullish on OCL India and has recommended buy rating on the stock with a target of Rs 148 in its July 16, 2010 research report.
"At the current market price of Rs 124.50, OCL India trades at a P/E of 3.81x and 3.37x for FY11E and FY12E respectively. On the basis of EV/EBDITA, the stock trades at 1.67x and 1.62x for FY11E and FY12E respectively. EPS of the company is expected to be at Rs 32.66 and Rs 36.95 for the earnings of FY11E and FY12E respectively. Price to Book Value of the stock is expected to be at 0.72 and 0.59 respectively for FY11E and FY12E. We recommend buy in this particular scrip with a target price of Rs 148 for medium to long term gains," says Firstcall India Equity Advisors research report.
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