Buy Rain Commodities, target of Rs 300: PINC Research

3612 Investors following Rain Commoditie. Share this News with them.

0

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

Buy Rain Commodities, target of Rs 300: PINC Research

PINC Research has recommended a buy rating on Rain Commodities with 12-month target of Rs 300. The stock trades at an EV/EBIDT and P/E of 4.3x and 2.8x its CY09E earnings.

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Buy Lupin, target of Rs 933: Motilal Oswal Motilal Oswal neutral on Glenmark Pharma Buy GSK Consumer, target of Rs 781: KRChoksey Buy Pidilite Industries, target of Rs 195: SKP Securities HCL Technologies an underperformer: Karvy ALSO READ See previous views by PINC Research See what other Experts & Brokerages are saying about Rain Commoditie See messages about Rain Commoditie Rain Commoditie BSE | NSE 31/05/12 Are Mutual Funds betting on Rain Commoditie?

PINC Research has recommended a buy rating on Rain Commodities with 12-month target of Rs 300 in its September 29, 2008 research report. "At the CMP of Rs 186, the stock trades at an EV/EBIDT and P/E of 4.3x and 2.8x its CY09E earnings. We expect the strong predictability of demand & margins, coupled with visibility of revenues and the operating leverage of the company's business model to enable it to capitalise on the trend of pricing advantage moving in favour of CPC manufacturers. Hence, we initiate coverage with a 'BUY' recommendation, with a price target of Rs 300 on an investment horizon of 12 months," 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.

To read the full report click on the attachment......