At Rs 88 the stock is slightly undervalued given a projected EPS of 5 for FY13 and 8 for FY14. Typically education stocks quote around 22x and hence a target of Rs 150+ over the next 15-18 months is not too difficult. Education being a recession proof business is a good defensive play apart from being one of the growth drivers over the next 8 to 10 years.
More over rather than the above mentioned fundamentals.The stock has been accumulated by HNI investors and Fund houses.
For details contact abrahamshare@gmail.com
More over rather than the above mentioned fundamentals.The stock has been accumulated by HNI investors and Fund houses.
For details contact abrahamshare@gmail.com
No comments:
Post a Comment