Honda Siel Power can cross Rs 300: G Shah

Published on Mon, Nov 19, 2007 at 15:16 |  Source : Moneycontrol.com

Updated at Mon, Nov 19, 2007 at 16:03  

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Gaurang Shah, ., Geojit Financial Services

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Gaurang Shah of Geojit Financial Services is of the view that Honda Siel Power can cross Rs 300.

Shah told CNBC-TV18, "The rational behind the choosing of Honda Siel Power is that its 68% subsidiary of Honda Motor Company and it is the largest manufacturer of portable generators, water pump-sets and general-purpose engines. The result for Q2 was not all that impressive but definitely keeping in mind the power deficit that the country faces all across the off take of gen-set is going to increase. Thereby increasing the topline and bottomline of the company and of course given the fact that the water pump-set are used in the agriculture purpose wherein this particular kind of gen-sets that Honda Siel Power manufactures is going to go up. So time horizon of 1-1.5 year and a price target of Rs 295 to Rs 300 plus could easily be seen on it."

  

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