The research firm expects sales to grow at a compound annual growth rate of 5.3 percent over FY17-19E with corresponding PAT CAGR of 11.1 percent CAGR over FY17-19E and values the company at Rs 245 which is 17x P/E on FY19E, EPS of Rs 14.3.
In a CNBC-TV18 interview, SP Tulsian of sptulsian.com shared his reading and outlook on market and specific stocks.
Mayuresh Joshi of Angel Broking is of the view that one may look at Linc Pen and Plastics.
Investment analyst Ashish Chugh is bullish on HCL Infosystems and Linc Pens. HCL Infosystems, he says, may see time correction from these levels, but not significant downside. He advises investors to accumulate Linc Pens between Rs 42 and Rs 48 level.
Buy Linc Pen and Plastics, says Aashish Tater, Head of Research, Fort Share Broking.
Linc Pen and Plastics can test Rs 95-100 in next 15 months, says Aashish Tater of Fort Share Broking.
Downside looks restricted in Linc Pen and Plastics, says Ashish Chugh, Investment Analyst & Author of Hidden Gems.