BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Closed|| Long (1Y)
HDFC Securities initiates Carborundum Universal with buy
The brokerage suggests to buy the stock as an immediate play on industry recovery. HDFC Securities values the stock at 20x its FY17 estimated earnings per share, which is at 30 per cent premium to its 10-year average.