Thursday 13 November 2008

Hold Ultratech Cement, target Rs 369: Indiabulls Securities

Indiabulls Securities Research has recommended a hold rating on Ultratech Cement, with price target of Rs 369, in its report dated October 29, 2008. "We have valued the Company’s stock by using the DCF methodology. Our key assumptions include a 5% terminal growth rate, a 12.6% cost of capital, and an 8% risk free rate. Our fair value estimate of Rs 369 reflects an upside potential of 10% from the current market price. Hence we reiterate our Hold rating on the stock," says Indiabulls Securities' research report.

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

Source: Moneycontrol

Posted by Harsh at 07:28

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)
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.