Buy Jagran Prakashan for target of 140 -Bonanza
December 29, 2009 by admin
Filed under Brokerage Recommendations
Bonanza research is bullish on Jagran Prakashan and has recommended buy rating on the stock with a target of Rs 140, in its December 23, 2009 research report.
“Jagran Prakashan is among the largest print media houses in India. Its flagship brand Dainik Jagran is the largest circulation newspaper in India. The scrip is at discount to the recently concluded IPO of peer DB Corp. It is likely to show an EPS of Rs.7/Share in FY10. At CMP Rs.126/Share, it trades at 17 PE on FY10 estimates. Investors may BUY in Rs.120-122 range for a target of Rs 140 i.e. 20 PE on FY10 estimates.”
Source: Moneycontrol.com
