India Investment, Stocks, Credit Card and Retail Forum

Investments in Indian Equity and Research => Equity Investments, Fundamental Research and Sectors Review => SmallCap Stocks India => Topic started by: sunil on March 26, 2012, 09:26:35 AM

Title: ISMT - Growing Higher
Post by: sunil on March 26, 2012, 09:26:35 AM

ISMT is a leading producers of seamless tubes in India and the only domestic player to be backward integrated.  CRISIL Research has a BUY Recommendation on the Stock with the Following note - assigned price to earnings (P/E) of 5x on FY14E EPS of Rs 8.1 to arrive at a fair value of Rs 40 per share. CMP is Rs 26.