Market Dashboard
BSE Code: | NSE Code: | ISIN: | Sector:
| Change | Change % |
| -2.30 | -6.46% |
Updated:21 Sep, 2018, 15:53 PM IST |
|
| Change | Change % |
| -2.10 | -5.95% |
Updated:21 Sep, 2018, 16:01 PM IST |
|
Research Report Detail
| Brokerage Analyst |
Report Date | Call | Price@Call | Target Price Stop Loss |
Current Status | Time Horizon |
|---|---|---|---|---|---|---|
| IIFL N/A |
27-09-2017 | Buy | 53.65 | 74.00 N/A |
Target Hit | Long (1Y) 27-09-2018 |
IIFL maintains initiates Genus Power Infrastructure with buy
The
company is expected to witness an operating profit CAGR of 28.7 per
cent over FY17-FY19E. Finance costs are expected to decline with
marginal decrease in gross debt and lower interest costs. However,
higher tax rate and lower other income would curtail the growth in net
profit to 29.7 per cent CAGR over the same period. Other income in FY18
would be lower compared to FY17, as in FY17 other income included forex
gains of Rs 4 crore. The company could stay under MAT over the next 5-7
years. We believe valuations are attractive at 11.2x FY19E P/E with
earnings CAGR of 27.9% over FY17-19.
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