markettrend766
04-10-2008, 08:33 PM
We recommend a buy rating on UB Engineering (UBE) with a target price of Rs 230 in its research report. "We expect UBE’s Revenue and PAT to grow at 55.7% and 59.3% CAGR respectively during FY 08-10.
At the projected EPS of Rs 13.3 & 19.0 for FY09 & FY10 the stock is trading at Price Earning Multiple of 6.16x & 4.31x respectively.
We are positive on the growth prospects of the company and recommend a BUY on the stock with a price target of Rs 230 to be achieved over a period of 15-18 months," says research report.
At the projected EPS of Rs 13.3 & 19.0 for FY09 & FY10 the stock is trading at Price Earning Multiple of 6.16x & 4.31x respectively.
We are positive on the growth prospects of the company and recommend a BUY on the stock with a price target of Rs 230 to be achieved over a period of 15-18 months," says research report.