Jan 27, 2009, 03.36 PM IST | Source: Moneycontrol.com

Reduce India Infoline, target of Rs 48: Prabhudas Lilladher

Prabhudas Lilladher has maintained its reduce rating on India Infoline with a target price of Rs 48. India Infoline (IIFL) reported revenue and PAT decline of 25.3% YoY and 54.3% YoY in Q3FY09.

Prabhudas Lilladher has maintained its reduce rating on India Infoline with a target price of Rs 48 in its January 21, 2009 research report. "India Infoline (IIFL) reported revenue and PAT decline of 25.3% YoY and 54.3% YoY in Q3FY09 (our expectation - 17.9% YoY and 50.3% YoY decline, respectively). At less than 1x FY09E BV, IIFL stock is undoubtedly cheap. However, given the weak outlook for most of its business segments, we expect the stock to continue its poor price performance for some more time. Maintain Reduce. Traget of Rs 48," says P Lilladher'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.

......

To read the full report click here

Set email alert for

ADS BY GOOGLE

Buy & sell politicians on Power Play
- the political stock exchange

Price Update

Rahul Gandhi

576.23 -7.75 -1.33%

62344

Bought today

170682

Sold today

0.31%

User holding

video of the day

Chandra says satisfied with TCS' FY14, FY15 to be better

Explore Moneycontrol

Copyright © e-Eighteen.com Ltd. All rights reserved. Reproduction of news articles, photos, videos or any other content in whole or in part in any form or medium without express written permission of moneycontrol.com is prohibited.