Sintex India has target of Rs 350: Sethi
June 10th, 2009
Vikas Sethi of Sethi Finmart is of the view that Sintex India has target of Rs 350.
Sethi told CNBC-TV18, “I expect Sintex India to be reporting an EPS of Rs 30 for FY10 and at the current market price of around Rs 230; it is quoting 7-8 times FY10 EPS. The company has a very strong balance sheet with around Rs 1,700 crore in cash and they have got a very strong order book of around Rs 1,500 crore and I expect them to be growing robustly because of prefabricated building systems which they make and monolithic construction, which they do and their current market price of around Rs 230 is an attractive buy and my target would be around Rs 350 by March 2010.”