Buy Visaka Inds, target of Rs 55: Sunidhi Securities

1802 Investors following Visaka Ind. Share this News with them.

0

Like this story, share it with millions of investors on M3

Buy Visaka Inds, target of Rs 55: Sunidhi Securities

Sunidhi Securities & Finance has recommended a buy rating on Visaka Industries with a target of Rs 55. During Q2FY09, sales have gone up by 27 per cent to Rs 121 crore on whereas net profit was placed at Rs 7 crore against net loss of Rs 2.7 crore in Q2FY08.

Post your opinion here

 

0

Tweet

Share on Tumblr

RELATED NEWS Accumulate Dabur India, target of Rs 80: Angel Buy GVK Power above Rs 16.70: ICICIdirect.com Buy Everonn Systems above Rs 259: ICICIdirect.com Buy Gujarat Alkalies above Rs 62: ICICIdirect.com Angel neutral on PTC India ALSO READ See previous views by Sunidhi Securities & Finance See what other Experts & Brokerages are saying about Visaka Ind See messages about Visaka Ind Visaka Ind BSE | NSE 29/05/12 Are Mutual Funds betting on Visaka Ind?

Sunidhi Securities & Finance has recommended a buy rating on Visaka Industries with a target of Rs 55 in its November 24, 2008 research report. "During Q2FY09, sales have gone up by 27 per cent to Rs 121 crore on whereas net profit was placed at Rs 7 crore against net loss of Rs 2.7 crore in Q2FY08. At the CMP of Rs 36, the share is trading at a P/E of 1.8x on FY09E and 1.5x on FY10E. We recommend BUY with a medium to long term target of Rs 55," says Sunidhi Securities & Finance's research 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......