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Buy Take Solutions, target of Rs 685: Emkay Global
Emkay Global Financial Services has recommended a buy rating on Take Solutions with a target of Rs 685. The stock is currently trading at a P/E of 8.4x,6.4x and 5x and EV/EBITDA of 4.8x, 3.3x and 2.3x respectively.
Emkay Global Financial Services has recommended a buy rating on Take Solutions with a target of Rs 685 in its September 1, 2008 research report. "We expect the topline and bottomline of the company to grow at a CAGR of 33.7% and 32% respectively during FY08A-11E. Based on our estimated EPS of Rs 61.2 in FY09E, Rs 79.9 in FY10E and Rs 101.3 in FY11E, the stock is currently trading at a P/E of 8.4x,6.4x and 5x and EV/EBITDA of 4.8x, 3.3x and 2.3x respectively. We initiate coverage on the company with a BUY and a target price of Rs 685. At our target price, the scrip trades at a one year forward P/E of 11.2x," says Emkay Global Financial Services' research report
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