Nov 21, 2008, 04.29 PM IST
Sunidhi Securities & Finance has recommended a buy rating on VST Tillers Tractors with a target of Rs 135. During Q2FY09 OP & NP margins stood at 16.7 and 10% against 13.7 and 7.2% respectively.
"During FY09, sales are expected to go up by 40% to Rs 260 crore and net profit by 45 per cent to Rs 20.9 crore, which would yield an EPS of Rs 36. We recommend BUY with a target of Rs 135 in the medium term. The 52-Week high and the low of the share has been Rs 259/88," says Sunidhi Securities & Finance's research report.
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