With strong volumes building up; increasing market presence; strong customer base; improved financial performance and balanced product portfolio; Vaibhav Global Ltd. profitability looks positive. We believe the company is trading at an attractive valuation at 13.48x and 10.90x of FY15EPS of Rs.50.06 and FY16EPS of Rs.61.95. We initiate a ‘BUY’ on the stock with a […]
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Va-Tech Wabag Research Report By Hem Securities
With asset light model, robust order pipeline, strong balance sheet, leadership position in Indian market and increasing geographical presence with strong brand image; Va Tech Wabag Ltd. revenue visibility looks strong. We believe the company is trading at an attractive valuation at 16.86x and 14.24x of FY14EPS of Rs.41.01 and FY15EPS of Rs.48.53. We initiate a ‘BUY’ on the stock with a target price of Rs.870 (appreciation of about 26%) with the medium to long term investment horizon
READ MORE »Hem Securities Latest Multibagger Stock Pick Himatsingka Seide Research Report
Himatsingka Seide has registered robust results for the quarter ending September 2013. The consolidated revenues from operations grew by 16.3% to Rs.549.79 crores vs. Rs.477.70 cr. in the corresponding quarter last year. Operating profit climbed sharply by 31% at about Rs.54.77 crores as against Rs.41.80 crores in the previous year quarter; driven by cost optimization measures. The net profit skyrocketed at Rs.18.05 crore for the quarter as compared to Rs.9.36 crore (pre-exceptional). EPS for the quarter stood at Rs.1.83
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