SIHL recommends `Buy` on Indage Vintners
Published on Tuesday, January 12th, 2010 at 7:52 PMAuthor: 007shan (1 Articles)
Shah Investors`s Home (SIHL) has recommended `Buy` rating on Indage Vintners target price of Rs 144 against the market price (CMP) of Rs 61 Jan. 12, 2010.
The broking house believes that Indage Vintners at current market price of Rs 61 is really cheap and is a good value from long term perspective.
IVL is a good investment bet for investors with high risk appetite. The negative news on the company has already been discounted.
They recommend a `buy` on the stock with a price target of Rs 144 in the next 12-18 months.
This is based on our target EPS for FY12 of Rs 10.3 and the industry PE of 14 times.This is an upside of 136% from current levels.
Source : LINK
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