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ReturnIndia: Eastern Silk Industries can cross Rs 450
Author：
admin
PublishDate：
2007-07-02 13:45:00
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Amisha Vora of Prabhudas Lilladher is of the view that Eastern Silk Industries has potential to cross Rs 450.
Vora told CNBC-TV18, "I believe that historically also the stock is at a very defensive valuation. At the same time we believe that growth both in top but more in bottomline will be very strong. We expect them to report something like Rs 60 plus earnings for March 08 and we believe that the stock has the potential to cross Rs 450 and give more than 60% returns from the current levels also. At the same time we are very bullish on their long-term prospects also."
She further added, "We feel that this stock is very defensive and at the same time has the possibilities of both growth as well as re-rating. They are into the business of exports largely of silk fabrics as well as made ups and they are transforming their capacities from handmade to machine made as well as they are designing their made ups for the European markets."
Source : Industry Website
Vora told CNBC-TV18, "I believe that historically also the stock is at a very defensive valuation. At the same time we believe that growth both in top but more in bottomline will be very strong. We expect them to report something like Rs 60 plus earnings for March 08 and we believe that the stock has the potential to cross Rs 450 and give more than 60% returns from the current levels also. At the same time we are very bullish on their long-term prospects also."
She further added, "We feel that this stock is very defensive and at the same time has the possibilities of both growth as well as re-rating. They are into the business of exports largely of silk fabrics as well as made ups and they are transforming their capacities from handmade to machine made as well as they are designing their made ups for the European markets."
Source : Industry Website
