Sep 08, 2008, 07.37 PM IST | Source: Moneycontrol.com

Buy UB Engineering; target of Rs 230: Nirmal Bang

Nirmal Bang is bullish on UB Engineering and ahs recommended buy rating on the stock with a target of Rs 230, in its September 05, 2009 report.

Nirmal Bang is bullish on UB Engineering and ahs recommended buy rating on the stock with a target of Rs 230, in its September 05, 2009 report. "We expect UB Engineering's (UBEs) Revenue and PAT to grow at 55.7% and 59.3% CAGR respectively during FY 08-10. At the projected EPS of Rs 13.3 & 19.0 for FY09 & FY10 the stock is trading at Price Earning Multiple of 8.3x & 5.8x respectively. We are positive on the growth prospects of the company and recommend to BUY the stock with a price target of Rs 230 to be achieved over a period of 15-18 months implying an upside potential of 100%," says Nirmal Bang research report.

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