Keep buying on Godawari Power & Ispat with a target price of Rs 418. At the CPM of Rs 194, the stock is trading at 2.8X our FY10E FDEPS of Rs 69.6 and at 2.3X on FY10E EV/EBITDA. For target price of Rs 418 (with potential upside of 115%).
Thursday, June 5, 2008
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