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Buy Voltamp Transformers,target Rs 1150: Hem
Hem Securities has initiated a buy rating on Voltamp Transformers with a target price of Rs 1150. The stock seems to offer extremely good investment opportunities.
Hem Securities has initiated a buy rating on Voltamp Transformers with a target price of Rs 1150 in its August 26, 2008 research report. "Presently, the stock is trading at Rs 845 which is at 9.94 times to its earnings and 5.15 times to its book value of Rs 185.66. Since the stock seems to offer extremely good investment opportunities, we initiate a 'BUY' signal on the stock with a target price of Rs 1150 in medium to long term investment horizon expecting an appreciation of about 36 % from the current level of Rs 845," says Hem's research report.
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