Neyveli Lignite an outperformer, target of Rs 160: Karvy

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Neyveli Lignite an outperformer, target of Rs 160: Karvy

Neyveli Lignite is an outperformer, says Karvy Stock Broking's report. See the target.

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ALSO READ See previous views by Karvy Stock Broking See what other Experts & Brokerages are saying about Neyveli Lignite See messages about Neyveli Lignite Neyveli Lignite BSE | NSE 01/06/12 Are Mutual Funds betting on Neyveli Lignite?

Karvy Stock Broking has rated Neyveli Lignite  as an outperformer with a price target of Rs 160 in its report dated October 12, 2009. The stock closed at Rs 135.75, down Rs 1.6, or 1.16%.

"We retain our sales and profit estimates for FY10 and FY11. Currently Neyveli Lignite stock is trading 2.4x its FY10 BV and 2.2x its FY11 BV. We value this stock at Rs 160/share (based on 2.5x FY11 BV) and retain our 'Out performer' rating," says Karvy Stock Broking's 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.

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