One can buy Emco with a target of Rs 105, says Investment Advisor, Sharmila Joshi.
Joshi told CNBC-TV18, "We are talking of a transmission and distribution play here. Emco is a transformer company. So I think power being where it is and the kind of projects that they are coming up with, once again a company with a very healthy order book of about Rs 1,500 crore approximately and at reasonable valuations because I am talking of a company with an estimated FY10 EPS of about more than Rs 13 and you have it trading at about Rs 100. So I think this is a fabulous buy and I buy this. I am giving this a target of Rs 105 but I buy Emco."
