Buy Opto Circuits for a target price of Rs 270 says Sushil Finance
June 3, 2010 by admin
Filed under Brokerage Recommendations
BUY OPTO CIRCUITS FOR TARGET OF RS 270 -SUSHIL FINANCE RESEARCH REPORT
Sushil Finance in its research report dated June 1, 2010 has maintained a buy rating on the stock Opto Circuits with a target price of Rs 270.
Sushil Finance in its research reports says”Opto Circuits India, OCL is expected to deliver very strong performance for next 2-3 years. We expect OCL’s consolidated revenues to grow by 25% & 20% in FY11E & FY12E respectively and its APAT to grow by 28.8% & 24.1% in FY11E & FY12E respectively.
At the CMP of Rs 221, the stock is trading at 12.2x and 9.9x of its FY11E and FY12E estimated earnings of Rs 18.1 & Rs 22.4 respectively. We maintain our buy rating on the stock with an increased target price of Rs 270 (12x its FY12E earnings).”
Opto Circuit :
Hello,
This is again excellent tip for short term. On 3rd June 2010 recommended to BUY at around 215 and within 4 months – i.e. on 7th Oct 2010 (after hitting 328 on 17th Sept 2010) closed at 309.70. Return of 95% in just 3 months. BEST RECOMMENDATION.