Profit

BSE Code: | NSE Code: | ISIN: | Sector:

NSE
6530.35
Change Change %
4.10 0.06%

Updated:25 Sep, 2018, 15:41 PM IST

BSE
6551.10
Change Change %
26.55 0.41%

Updated:25 Sep, 2018, 16:01 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Nirmal Bang
N/A
27-05-2016 Buy 3396.35 4442.00
N/A
Target Hit Long (1Y)
27-05-2017

Nirmal Bang maintains buy on Lakshmi Machine Works

Lakshmi Machine Works' Q4 earnings were broadly in line with our expectations on account of higher export revenues. Its EBITDA margin improved 170 basis points to 12.9 per cent against our estimates of 12.6 per cent. We value the stock at 19 times FY18 estimated earnings per shares of Rs 234. Revise target price on the stock to Rs 4,442 from Rs 4,688 earlier.

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