HDFC Securities has recommended Bartronics India Limited with a price target of Rs 234.
Revenues and profits are projected to grow at a CAGR of 72% and 78% respectively. At the CMP of Rs 153, it is trading at 6.5x and 3.8x its FY09E & FY10E FDEPS. We have arrived at a DCF based target price of Rs 234, an upside of 53% from current levels. We initiate coverage with a BUY rating on the stock.
Read the complete report at stockinvest.in
Revenues and profits are projected to grow at a CAGR of 72% and 78% respectively. At the CMP of Rs 153, it is trading at 6.5x and 3.8x its FY09E & FY10E FDEPS. We have arrived at a DCF based target price of Rs 234, an upside of 53% from current levels. We initiate coverage with a BUY rating on the stock.
Read the complete report at stockinvest.in
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