Hem Securities has recommended buy rating on Videocon Industries with a target of Rs 280, in its March 03, 2010 research report.
"Videocon Industries has posted good results on Q-o-Q basis. We hold a positive outlook towards the company on the back of Videocon's expansion plans. The growth will be driven by its consumer electronics division as well as its crude oil and natural gas division. Presently the company is running at a P/E multiple of 10.92x to its TTM (standalone trailing twelve months) EPS of Rs.20.80. We recommend to BUY the stock with a medium term price target of Rs.280.which is 23% up from the current level of Rs. 227.20," says Hem Securities research report.
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