Tuesday 4 November 2008

Buy Kirloskar Brothers, target of Rs 113: KRChoksey

KRChoksey has recommended buy rating on Kirloskar Brothers with a target price of Rs 113, in its October 23, 2008 reports. "At the CMP of Rs 80.5, the stock is trading at 7.7x FY08 EPS of Rs 10.4 and 7.6x FY09E EPS of Rs 10.6. We ‘Re-rate’ the stock and recommend a BUY with a target price of Rs 113, implying an upside potential of 40%. At the target price, the stock would be valued at 10.7x FY09E EPS of Rs 10.6," says KRChoksey's research report.

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Source: Moneycontrol

Posted by Harsh at 09:54

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