Networth Stock Broking is bullish on Visa Steel and has recommended buy rating on the stock with a target of Rs 52 in its September 2, 2010 research report.
“VISA Steel, a part of Rs 5000 crore VISA Group, is an emerging integrated specialty steel company. It is engaged in the manufacturing of pig iron, lam coke, ferro chrome, sponge iron, captive power and soon entering into special steel products with its operations in Orissa and Chhattisgarh. Currently the stock is quoting at 8.4x on TTM EPS of Rs 4.2. We give BUY rating on Visa Steel Limited at current levels with FY12 price target of Rs 52, an upside of 47%,” says Networth Stock Broking research report.
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