Monday 6 October 2008

Buy Plastiblends, target of Rs 220: LKP Shares

LKP Shares has recommended a buy rating on Plastiblends India (PIL) with an 18-month target of Rs 220 in its October 4, 2008 research report. "Given the scalability of the business and the ROI we believe that PIL is well placed to achieve critical mass in masterbatches during the next three years and the stock trading at 3xFY'11E with a dividend yield of 5% is an exciting small cap pick. We recommend a BUY on the stock with an 18-month price target of Rs 220," says LKP Shares' research report.

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Source: MoneyControl

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