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Aug 10, 2009, 11.21 AM IST
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.
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.
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