NELCO had target of Rs 127: Rupani

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NELCO had target of Rs 127: Rupani

NELCO had target of Rs 127, says Aunali Rupani, Director, ARM Research.

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Excerpts from Power Breakfast on CNBC-TV18 Watch the full show » ALSO READ See previous views by Aunali Rupani See what other Experts & Brokerages are saying about NELCO See messages about NELCO NELCO BSE | NSE 30/05/12 Are Mutual Funds betting on NELCO?

NELCO had target of Rs 127, says Aunali Rupani, Director, ARM Research.

Rupani told to CNBC TV18, "The marketcap of NELCO is close to Rs 270 crore and this is the cheapest Tata Group Company in terms of the marketcap. The company has delivered close to 29.6 crore of earnings last quarter. The YoY EPS grew almost 700%. This company is getting restructured, they sold their Skada division to Crompton for Rs 81 crore and there is a buzz on the street that this company the Tatas might increase their stake from 50% to 65% or this company might get merged with Tata Communications. Target for the day is Rs 127."

Disclosure: I have no personal holding in the stocks discussed, but have recommended it to my clients.