Jyoti Structures Ltd: Buy for a Target of Rs 75.6: GEPL

Tagged: GEPL Capital, Jyoti Structures

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July 6, 2014 at 10:29 am #680

Vidhi Khanna
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Valuation

At CMP of Rs 65.7 the stock is trading at 7.49x & 6.16x it’s FY15E & FY16E EPS which we believe is attractive. We attach an exit P/E multiple of 7.1x it’s FY16E EPS of Rs 10.67 per share. Based on our valuation we arrive at the target price of Rs 75.6 with a BUY rating & a potential upside of 15%.

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