Buy Tata Chemicals, target of Rs 441: Karvy

17961 Investors following Tata Chemicals. Share this News with them.

0

Like this story, share it with millions of investors on M3

Buy Tata Chemicals, target of Rs 441: Karvy

Karvy Stock Broking has maintained its buy rating on Tata Chemicals with a target of Rs 441. The consolidated net sales and net profit of Tata Chemicals is expected to grow at CAGR of 29.4% and 37.4% during FY08-10E on the back of organic growth as well as inorganic growth.

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Buy Union Bank, target of Rs 180: Sharekhan Buy SBI with a target of Rs 1801: Sharekhan Buy NIIT Technologies, target of Rs 130: Parag Parikh Buy Glodyne Technoserve, target of Rs 815: Reliance Money SBI an outperformer: IDFC-SSKI ALSO READ See previous views by Karvy Stock Broking See what other Experts & Brokerages are saying about Tata Chemicals See messages about Tata Chemicals Tata Chemicals BSE | NSE 28/05/12 Are Mutual Funds betting on Tata Chemicals?

Karvy Stock Broking has maintained its buy rating on Tata Chemicals with a target of Rs 441 in its September 23, 2008 research report. "The consolidated net sales and net profit of Tata Chemicals is expected to grow at CAGR of 29.4% and 37.4% during FY08-10E on the back of organic growth as well as inorganic growth. At the current market price of Rs 272 the stock is trading at 10.7xFY09E and 7.3xFY10E expected earnings. Hence, we maintain our target price of Rs 441 and rate the stock as a BUY.," says Karvy Stock Broking's research report.

Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

To read the full report click on the attachment......