Wednesday 12 November 2008

SKP Securities bullish on Indo Tech Transformers

SKP Securities is still bullish on Indo Tech Transformers on the expectation of rise in the demand of transformers due to increased spending of the Government on power sector.

SKP Securities' report on Indo Tech Transformers:

Indo Tech Transformers Ltd. (ITTL) has shown a rise in revenue by 27% from Rs 51.4 crores in Q2 FY08 to Rs 65.45 crores in Q2 FY09. This is due to better capacity utilizations and better realizations during the quarter.

At the current price of Rs 197, discounts the EPS of FY10E by 3.9x. We are still bullish on the stock on the expectation of rise in the demand of transformers due to increased spending of the Government on power sector.

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Source: Moneycontrol

Posted by Harsh at 09:29

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