India Investment, Stocks, Credit Card and Retail Forum

Investments in Indian Equity and Research => India Stocks and Shares => Topic started by: AbhishekKanitkar on March 28, 2010, 12:33:54 PM

Title: What do you think is future of VST Industries ?
Post by: AbhishekKanitkar on March 28, 2010, 12:33:54 PM

VST industries had given Rs.30 dividend last year. What do you think will happen this year ?

Title: Re: What do you think is future of VST Industries ?
Post by: sunil on March 29, 2010, 10:58:47 AM

This is what HDFC Sec has to say with BUY recommendation,

Quote

The stock is available at 9.7x its FY11E EPS. Given the dividend yield, strong financials and the niche segment the company is present, it could get higher valuations. We think that investors can buy VST Industries at a CMP of Rs 506 and further add on falls, if any, in the price band of Rs 439 to Rs 458 for a price target of Rs 626 (12x FY11E EPS) over the next 2- 3 quarters.