Thursday 13 November 2008

Buy Kesoram Industries, target of Rs 666: SKP Securities

SKP Securities has a buy rating on Kesoram Industries with a target price of Rs 666 in its November 6, 2008 research report. "Net sales were up by 32.77% to Rs. 889.56 crores in Q2FY09 over Q2FY08. Considering the supply glut in the cement industry and discounting the external economic environment, we are reducing our target price. We recommend a BUY on the stock with a target price of Rs 666 at 5 x FY10E earnings," says SKP Securities' research report.

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Source: Moneycontrol

Posted by Harsh at 07:26

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