Buy UTV Software Communication: Nirmal Bang

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Buy UTV Software Communication: Nirmal Bang

Nirmal Bang has recommended a buy rating on UTV Software Communication. At the current market price of Rs 440 per share, UTV is currently trading at a PE of 27.9x FY10E and 11.9x FY11E EPS estimates, which looks quite attractive.

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Nirmal Bang has recommended a buy rating on UTV Software Communication , in its report dated June 4, 2009.

"At the current market price of Rs 440 per share, UTV is currently trading at a PE of 27.9x FY10E and 11.9x FY11E EPS estimates, which looks quite attractive. At Rs 440 per share the stock is trading at a discount of 36% from our intrinsic price of Rs 599 per share which is 37.9x FY10E and 16.2x FY11E earnings. We recommend a 'BUY' rating on the stock with a long term view," says Nirmal Bang's 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......