Brokerage calls: Buy Coal India & Lovable Lingerie, sell BHEL

Mon, Aug 05, 2013 at 09:38

| Source: CNBC-TV18
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Lovable Lingerie

Brokerage: Anand Rathi

Rating: Buy

Target: Rs 343

Rationale: Value the stock at Rs 343 at a PE of 20x Sep'14e earnings. Stable cotton prices as well as the 6 percent price hikes in Dec '12 would help to achieve 19 percent earnings CAGR over FY13-15.

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