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Buy Subros; target of Rs 52: Firstcall
Firstcall India Equity Advisors is bullish on Subros and has recommended buy rating on the stock with a target of Rs 52 in its June 11, 2010 research report
Firstcall India Equity Advisors is bullish on Subros and has recommended buy rating on the stock with a target of Rs 52 in its June 11, 2010 research report.
"At the current market price of Rs 43, Subros is trading at 7x FY11E and 5.67 x FY12E respectively. The Company has continued to work for continuous improvement on all aspects of its performance & focusing on various cost control exercises, improvement in operational efficiencies and increased volumes. The company was able to marginally improve the gross sales despite depressed local market sentiments. We expect that the company will keep its growth story in the coming quarters also. We recommend buy in this particular scrip with a target price of Rs 52 for Medium to Long term investment," says Firstcall India Equity Advisors research report.
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