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Buy UB Engineering, target of Rs 230: Nirmal Bang
Nirmal Bang has recommended a buy rating on UB Engineering (UBE) with a target price of Rs 230. The research firm expects UBE’s Revenue and PAT to grow at 55.7% and 59.3% CAGR respectively during FY 08-10.
Nirmal Bang has recommended a buy rating on UB Engineering (UBE) with a target price of Rs 230 in its research report. "We expect UBE's 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 6.16x & 4.31x respectively. We are positive on the growth prospects of the company and recommend a BUY on the stock with a price target of Rs 230 to be achieved over a period of 15-18 months," says Nirmal Bang's research report.
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