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Buy Repro India; target of Rs 146: Sushil Finance
Sushil Finance is bullish on Repro India and has recommended buy rating on the stock with a target of Rs 146, in its December 19, 2009 research report.
Sushil Finance is bullish on Repro India and has recommended buy rating on the stock with a target of Rs 146, in its December 19, 2009 research report.
"Repro India is an integrated print service solution provider. It prints Educational Books, Children's Books, Catalogues & Magazines and Annual Reports. The company's print services ranges from creative & designing, sourcing & procurement, printing & production, warehousing, assembly & dispatch to customer promotions. Repro has already built up overseas presence & Exports about 55% of its revenues. They have relationship based businesses with large publishers in UK, USA and Africa."
"Given its strong positioning in the value added print segment, effective marketing network, efficient operations, consistently improving performance & ensuing growth from the expansion over the next 2-3 years, we expect Repro to post an APAT growth of 19% in FY10 & 25% in FY11. At the CMP of Rs.95, the stock trades at an attractive valuation of 4x its FY11E earnings & P/BV of 0.7x FY11E," says Sushil Finance research report.
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