24 December 2006
Escorts
Escorts
CMP--- 115
Target price 181
EScorts has emerged from the throes of restructuring and now facused playerwith interest in tarctors and contruction bussiness.
The company is expected to clock revenues of Rs- 1836.9 crore in fy ended sep 2006 backed by stong volume grouth , We expect company in one year will increase more than 50% revenue its contruction business reported revenue of Rs-- 155.2 crore in fy o5 and net profit of 17.8 crore going forword we expect ECEL to report revenue and profit 613 crore in fy08 which futher added lend stablity and visibility to financies.
equity diluted by 5%----- we expect that the company will increase its equity capital 75.8 crore in fyo7 .
DISCLAIMER: The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness. The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip.
by erectusplus at 14:34:00 |
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