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Buy Videocon Industries, target of Rs 268: Firstcall
Firstcall Research has come out with a research report on Videocon Industries. The research firm has recommended a buy on this particular scrip with a target price of Rs 268 for medium to long term investment, in their report dated February 2, 2010.
Firstcall Research has come out with a research report on Videocon Industries . The research firm has recommended a buy on this particular scrip with a target price of Rs 268 for medium to long term investment, in their report dated February 2, 2010.
The report says, "At the current market price of Rs 232.90, the stock is trading at 10.05 x FY10E and 8.23 x FY11E respectively. Price to Book Value of the stock is expected to be at 0.70 x and 0.64 x respectively for FY10E and FY11E. Earning per share (EPS) of the company for the earnings for FY10E and FY11E is seen at Rs 23.17 and Rs 28.30 respectively."
"Net Sales of the company are expected to grow at a CAGR of 8% over 2008 to 2011E. On the basis of EV/EBITDA, the stock trades at 2.72 x for FY10E and 2.41 x for FY11E. We expect that the company will keep its growth story in the coming quarters also. We recommend buy in this particular scrip with a target price of Rs 268.00 for Medium to Long term investment," according to the report.
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