Wednesday 12 November 2008

Buy Redington, target of Rs 325: India Capital Markets

India Capital Markets has recommended a buy rating on Redington (India) with a target price of Rs 325 in its October 31, 2008 research report. "RDIL has posted a decent top line growth of 22.9% Y-o-Y in Q209, with revenue at Rs 32.7 billion with contribution from subsidiary being at Rs 16.1 billion. A sound business model, proven expertise & the given expansion plans gives a positive view on the company. We recommend a BUY with a Price target of Rs 325," says India Capital Markets' research report.

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Source: Moneycontrol

Posted by Harsh at 09:22

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