Buy Plethico Pharma, target of Rs 569: Emkay

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Buy Plethico Pharma, target of Rs 569: Emkay

Emkay Research has maintained a but rating on Plethico Pharma with a target price of Rs 569. The stock is currently trading at 9.0x FY08E EPS of Rs 43.8 and 7.7x FY09E EPS of Rs 51.5.

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Emkay Research has maintained a but rating on Plethico Pharma with a target price of Rs 569 in its April 3, 2008 research report. "The stock is currently trading at 9.0x FY08E EPS of Rs 43.8 and 7.7x FY09E EPS of Rs 51.5. It is trading at 7.5x FY08E and 5.6x FY09E EV/EBDITA. We believe these valuations are attractive and offer excellent long term investment opportunity. We believe there is still room for upward revision of target price. We maintain 'BUY' on the stock with a target price of Rs 569" , says Emkay's research report.

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