OnlineEquityCalls.com

Line Break

Angel Broking has maintained its neutral rating on Indraprastha Gas in its December 26, 2008 research report. “We have used DCF methodology to value IGL and have arrived at a Fair Price of Rs 105. DCF is more appropriate to evaluate the company given the expected Margin contraction going forward. At current levels of Rs 101, the stock is discounting 7.0x and 6.9x FY2009E and FY2010E Earnings. IGL has historically traded in the range of 9-13x its one year forward Earnings. However, on account of the meltdown in the global markets and deteriorating fundamentals, we believe all positives are factored in the stock price. Hence, we remain Neutral on the stock,” says Angel Broking’s research report.

Subscribe to my newsletter filling the form below. I'll try to make you happy.

Your E-mail :
Your Name :
	Subscribe

Related Posts :

• OnlineEquityCalls.com Visit Site www.niftybigbull.com
• NIFTY FUT : JAN carry over FEB OUR HOLD SELL POSITION LEVEL 5295 STOPLOSS 5360.
• NIFTY FUT : JAN carry over FEB OUR HOLD SELL POSITION LEVEL 5295 STOPLOSS 5360.
• NIFTY FUT : JAN OUR HOLD SELL POSITION LEVEL 5295 STOPLOSS 5360.
• NIFTY FUT : JAN OUR HOLD SELL POSITION USE TWO LEVEL 5295 OR 5340 STOPLOSS 5360.
• NIFTY FUT : JAN OUR HOLD SELL POSITION USE TWO LEVEL 5295 OR 5340 STOPLOSS 5360.
• F&O Outlook: Nifty to hit new high
• Hold Divis Labs; target Rs 607: KRChoksey
• Hold Yes Bank with a target of Rs 264: Indiabulls Sec
• Hold UltraTech Cement: Indiabulls Securities