Buy Redington, target of Rs 325: India Capital Markets

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Buy Redington, target of Rs 325: India Capital Markets

India Capital Markets has recommended a buy rating on Redington (India) (RDIL) with a target of Rs 325. RDIL is currently trading at a P/E of 13 on FY09E earnings with a PEG of 0.9.

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India Capital Markets has recommended a buy rating on Redington (India) (RDIL) with a target of Rs 325 in its September 23, 2008 research report. "RDIL is currently trading at a P/E of 13 on FY09E earnings with a PEG of 0.9. An important aspect to note is that the projected growth is only for the established business of RDIL & doesn't include contribution from NBFC & proposed ADC. We initiate coverage on the company with a BUY recommendation, with a Target Price of Rs 325," says India Capital markets' research report.

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