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Sep 18, 2012, 05.20 PM IST
Rajesh Kothari AlfAccurate Advisors is positive on Motherson Sumi, Federal Bank, and Karur Vysya Bank.
Kothari told CNBC-TV18, “We like Motherson Sumi in auto ancillary. Similarly in private sector bank we like Federal Bank, Karur Vysya Bank , these are old private sector banks but good valuations at around 1 time price to adjusted book, about 18-19% ROE, probably about 15-20% earnings growth, strong management and good visibility of numbers.”
He further added, “Same thing goes for pharmaceuticals where we like Ipca Laboratories, valuations are quite attractive about 12 to 13 times FY14 with a very strong earnings growth, about 20%-35% CAGR for FY13 as well as FY14. There are still many names within the large sectors where the juice is still left and that is the reason why we are broadly positive on the market.”
May 22 2013, 13:11
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May 22 2013, 10:44
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