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Mar 07, 2008, 03.52 PM IST
Vikas Sethi of Finmart is of the view that KEI Industries has target of Rs 115. It is the largest listed cable manufacturer and it is a pure play on the two hot investment themes of power and infrastructure. The company is seeing huge demands for its products and it is expected to report an EPS of Rs 12 for FY09.
Sethi told CNBC-TV18, "KEI Industries is the largest listed cable manufacturer and it is a pure play on the two hot investment themes of power and infrastructure. The company is seeing huge demands for its products and it is expected to report an EPS of Rs 12 for FY09 and at the current market price of Rs 82 is available at less than 7 times FY09 earnings. I expect a target of Rs 115 about a year’s time."
Disclosure: Analyst doesn't hold the above stock but he would have recommended them to his clients.
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