Buy RSWM; target of Rs 180: Fairwealth Securities

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Buy RSWM; target of Rs 180: Fairwealth Securities

Fairwealth Securities is bullish on RSWM and has recommended buy rating on RSWM with a target of Rs 180 in its July 23, 2010 research report.

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Fairwealth Securities is bullish on RSWM and has recommended buy rating on RSWM with a target of Rs 180 in its July 23, 2010 research report.

"At Current market price of Rs 132, RSWM is available at P/E of 9.05 of its FY10 earnings, and P/E of 4.84x of its FY11, and P/E of 4.23x of FY12 earnings. Fairwealth Research Desk recommend buy with target price of Rs 180. given that company's future shows potential," says Fairwealth Securities research report.

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To read the full report click on the attachment