Buy Bhagwati Banquets with a target of Rs 150: Baliga

Ambareesh Baliga, Market Expert is of the view that one can buy Bhagwati Banquets with a target of Rs 150.

Baliga told CNBC-TV18, “I see Bhagwati Banquets growing at about 26-27 percent over the next three years and looking at an EPS of about Rs 9 for FY14 and about Rs 11-11.50 for FY15, looking at that I see the stock possibly moving to levels of about Rs 140-150. it may take about a year or possibly 15 months but then from the current levels of Rs 87-88, I think it is a good buy at the current juncture for a good return to levels of Rs 150."