Angel Broking has recommended buy rating on Sterlite Industries (India) with a target of Rs 228 in its July 26, 2010 research report.
“Sterlite is currently trading at 6.5x and 4.4x FY2011E and FY2012E EV/EBITDA, respectively. We have revised our FY2011E and FY2012E estimates to factor in lower metal prices at LME, lower sales volume estimates and other bookkeeping changes. We maintain a buy on the stock with a revised target price of Rs 228 (earlier Rs 245),” says Angel Broking research report.
No comments:
Post a Comment