Buy Welspun Gujarat Stahl Roh, target of Rs 362: SKP Sec

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Buy Welspun Gujarat Stahl Roh, target of Rs 362: SKP Sec

Buy Welspun Gujarat Stahl Roh with a target price of Rs 362, says SKP Securities' report.

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SKP Securities has recommended a buy rating on Welspun Gujarat Stahl Roh with a target price of Rs 362 in its August 28, 2009 research report.

"Welspun has the strong order book position of Rs 68.4 billion, executable within 12-15 months, of which 80% are export orders and rest are domestic. We recommend Buy rating on the stock with a target price of Rs 362/- in 18 months implying a P/E multiple of 14x of FY11E earnings," says SKP Securities' report.

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To read the full report click on the attachment......