Friday, 7 November 2008

Buy Bharati Shipyard, target of Rs 185: Asit C. Mehta

Asit C. Mehta has maintained its buy rating on Bharati Shipyard with a target price of Rs 185 in its November 6, 2008 research report. "For Q2 FY09, Bharati Shipyard Limited’s (BSL) net sales increased to Rs 2137.8 million, from Rs 1480.3 million in Q2FY08, registering a growth of 44.4%. We maintain a BUY recommendation on account of the strong order book, to arrive at a target price of Rs 185, which is equivalent to a forward P/E of 6x to its FY10E EPS (excluding subsidy)," says Asit C. Mehta's research report.

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

Source: Moneycontrol

No comments:

Post a Comment

DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.