Hold WS Industries, target of Rs 52: Sharekhan

979 Investors following WS Industries. Share this News with them.

0

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

Hold WS Industries, target of Rs 52: Sharekhan

Sharekhan has maintained its hold rating on WS Industries with a target price of Rs 52. WS Industries (WSI)' Q1FY2010 performance was lower than expectation owing to a lower than expected top line growth.

Post your opinion here

 

0

Tweet

Share on Tumblr

ALSO READ See previous views by Sharekhan See what other Experts & Brokerages are saying about WS Industries See messages about WS Industries WS Industries BSE | NSE 01/06/12 Are Mutual Funds betting on WS Industries?

Sharekhan has maintained its hold rating on WS Industries with a target price of Rs 52 in its August 7, 2009 research report.

"WS Industries (WSI)' Q1FY2010 performance was lower than our expectation owing to a lower than expected top line growth. We continue to value WSI based on the sum-of-the-parts methodology, valuing its core business at Rs 31.5 per share. We have valued the real estate subsidiary at Rs 20.5 per share. We keep our price target unchanged as we have rolled forward our target multiple. We maintain our 'Hold' recommendation on the stock," says Sharekhan'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.