Thursday, May 22, 2008

Buy Recommendation- Dabur India

Dabur India
cmp: Rs 97
target price: 120
T
he stock was fairly valued at current levels. The brokerage expects the company’s consolidated revenues and earnings to grow at a compounded annual growth rate of 14.7% and 11.5% between FY08 and FY10, and has forecast an earnings per share of Rs 3.60 for FY09.

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