ESCORTS LTD. Initiating Coverage (BUY)
We recommend ?BUY? on ESCORTS LTD for a target of INR 634 – valuing the company at P/E 15.5x of FY20E Earning. CMP:? ? ? ? ? ? ? ? ? INR 558 Target Price:? ? ?INR 634
Fundamental Picks
Oriental carbon and Chemicals Ltd (OCCL)- Initiating Coverage (BUY)
We recommend ?BUY? on ORIENTAL CARBON AND CHEMICALS LTD (OCCL) for a target of INR 1242 – valuing the company at P/E 18x of FY20E Earning. CMP: INR 1114 Target Price: INR 1242
Grindwell Norton Ltd – Initiating Coverage (BUY)
We recommend ?BUY? on GRINDWELL NORTON LTD for a target of INR 614 – valuing the company at P/E 34x of FY20E Earning.? CMP:? ? ? ? ? ? ? ? ? INR 534 Target Price:? ? ?INR 614
Time Technoplast Ltd- Initiating Coverage (BUY)
We recommend ?BUY? on TIME TECHNOPLAST LTD for a target of INR 111 – valuing the company at P/E 10x of FY20E Earning.? CMP: INR 95 Target Price: INR 111
Gulf Oil Lubricants India Ltd- Initiating Coverage (BUY)
We recommend ?BUY? on GULF OIL LUBRICANTS INDIA LTD for a target of INR 931 – valuing the company at P/E 23x of FY20E Earning.? CMP: INR 851 Target Price: INR 931
Subros Ltd- Initiating Coverage (BUY)
We recommend ?BUY? on SUBROS LTD for a target of INR 332 – valuing the company at P/E 18x of FY20E Earning.? CMP: INR 266 Target Price: INR 332
Lumax Industries Ltd- Initiating Coverage (BUY)
We recommend ?BUY? on LUMAX INDUSTRIES LTD for a target of INR 1912 – valuing the company at P/E 17x of FY20E Earning. CMP: INR 1641 Target Price: INR 1912