Hold Mic Electronics: Pinc Research

Published on Mon, Nov 05, 2007 at 16:00 |  Source : Moneycontrol.com

Updated at Mon, Nov 05, 2007 at 16:10  

8168 Investors following MIC Electronics. Share this News with them.
0
0
Share on Tumblr

RELATED NEWS

Pinc Research has recommended hold rating on Mic Electronics , November 01, 2007 report. "MIC Electronics' (MIC) results were marginally below our expectations. At the CMP of Rs 531, the stock is trading at a P/E of 17.7x and EV/EBIDT of 12.1x FY09E on a consolidated basis. This is at a significant discount to global peers like Barco N.V. and Daktronics, which trade at a P/E and EV/EBIDT of 28.2x and 18.3x FY09E. Even though the company is growing as planned, the key challenge remains execution of its order book and diversification of revenue stream into display rental and LED lighting. Our target has been achieved and with the above challenges, we recommend a 'HOLD'." according to the Pinc 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 decision.

  

Trending News

Business News

Lenovo K800 Medfield-powered smartphone to compete with Lava XOLO X900
Sonia's UPA is taking us to new 'Hindu' rate of growth "Sonia's UPA is taking us to new 'Hindu' rate of growth"

Bihar: Ranvir Sena chief killed, curfew in Arrah

May Auto Sales Tata Motors Exports Down 24% At 4,219 Units (YoY)

The latest earning numbers FIRST on CNBC-TV18
Videos

Jun 1 2012, 11:57

Raamdeo Agrawal lauds Q4 nos, sees drastic rate cuts ahead

- in MARKET OUTLOOK

Jun 1 2012, 11:57

For June, accrue Nifty at around 4,800 levels: HSBC Invest

- in MARKET OUTLOOK

Interviews

Jun 1 2012, 11:29 | Source: CNBC-TV18

HDIL eyes revenues of Rs 2500 cr in FY13  

Jun 1 2012, 10:47 | Source: CNBC-TV18

Monsoon to hit Kerala on June 5: IMD  

Subscribe to

Moneycontrol Newsletters

Moneycontrol.com offers you a choice of various sectoral and other newsletters for FREE!