Monday 10 November 2008

ESS DEE Aluminium has target of Rs 188: Kapadia

Ranjit Kapadia of Prabhudas Lilladher is of the view that ESS DEE Aluminium has target of Rs 188.

Kapadia told CNBC-TV18, "For ESS DEE Aluminium the metal cost is irrelevant because it is a pass through for the users and second thing, major customers for these are the pharma industry, which is as such doing very well and as we are aware that the new US President is likely to announce a USD 25 billion health care package very soon. So once that happens then the Indian Pharma industry will be most beneficial out of this because they are mostly present in the generic space. I am looking at a target of Rs 188 which gives a 30% upside from the current level."

Disclosure: Analyst holds the stock and also recommended to his clients.

Source: Moneycontrol

Posted by Harsh at 07:35

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