Moneycontrol Be a Pro
Get App
Last Updated : May 02, 2018 05:29 PM IST | Source: Moneycontrol.com

Buy Indian Hume Pipe Company; target of Rs 478: CD Equisearch

CD Equisearch is bullish on Indian Hume Pipe Company has recommended buy rating on the stock with a target price of Rs 478 in its research report dated April 27, 2018.

Broker Research @moneycontrolcom
 
 
live
  • bselive
  • nselive
Volume
Todays L/H
More

CD Equisearch's research report on Indian Hume Pipe Company


The Asian Development Bank forecasts that by 2030, India will encounter a water deficit of 50%. UN projects 840 mn people to live in the most water starved parts of the country by 2050, as compared to about 320 mn people in 2017. India’s Union Ministry of Water Resources has reckoned the country’s current water requirement to be around 1100 billion cubic metres per year, which is estimated to rise to around 1200 billion cubic metres for the year 2025 and further to 1447 billion cubic metres by 2050. With a projected population growth of 1.4 billion people by 2050, the country will scarcely be able to cater to its total water demand.


Outlook


Earnings for FY18 and FY19 have been slashed by 32% and 19.6% respectively. Yet, in view of robust pick up in order in current fiscal, we our ‘buy’ rating on the stock with a revised target price of Rs 478 (previous target: 693) based on 18x FY19e EPS (peg ratio: 1.3) over a period of 9-12 months.


For all recommendations report, click here


Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.



LIVE NOW... Video series on How to Double Your Monthly Income... where Rahul Shah, Ex-Swiss Investment Banker and one of India's leading experts on wealth building, reveals his secret strategies for the first time ever. Register here to watch it for FREE.
First Published on May 2, 2018 05:29 pm
Loading...
Follow us on
Available On