Himatsingka Seide Ltd – Initiating Coverage Report By Karvy

Tagged: Himatsingka Seide Ltd, Karvy

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July 16, 2015 at 9:19 pm #2233

Vidhi Khanna
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At CMP of Rs. 119, HSS is currently trading at 8.6x P/E of FY17E earnings, On back of lower raw material prices, favorable product mix, improving cost efficiency and economies of scale; we initiate coverage on HSS with a “BUY” rating with a target price of Rs. 145, based on a 10.5x P/E FY17E, representing an upside potential of 22.3%.

Himatsingka-Seide-Karvy
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