Accumulate Pratibha Industries for a target of Rs 447 says Hedge Equities
February 20, 2010 by admin
Filed under Brokerage Recommendations
Hedge Equities in its February 16, 2010 research report has recommended accumulating the stock, Pratibha Industries on dips with a target of Rs 447 to 521. Hedge Equities further says, “With time the company has made impressive progress. It hasn’t rested on its laurels. Having created a real impression in the water supply projects industry it extended its portfolio to include segments like road building, retail and urban constructions, oil and gas transmissions and power segment to give it the profile of a diversified infrastructure company.”
“Its rather fledgling hydrocarbon business has already yielded positive results with the company signing an agreement with GAIL in addition to another 4 hydrocarbon projects which are in the pipeline. All these make the Pratibha Industries as an investment candidate. Based on FY11E earnings and FY12E earnings, we recommend to accumulate Pratibha Industries on dips with a target of Rs 447 to 521 for an investment horizon of 1 to 2 years,” according to Hedge Equities report.
Source: Moneycontrol.
