Tuesday, February 5, 2008

Godawari Power & Ispat Ltd (Q3 FY08): BUY

Godawari Power & Ispat Ltd (Q3 FY08): BUY

Tarang Bhanushali / Mumbai Feb 04, 2008 15:03

GPIL reported a 74.6% yoy growth in revenues at Rs2.2bn on account of an increase in realization.

CMP Rs258, BUY

Target price Rs400, Upside 55%

ä Revenue surged 74.6%yoy and 22% qoq

ä OPM expanded 170 basis points yoy, but down 240 basis points qoq

ä The company was awarded prospecting license of iron ore

ä Captive resources to show results in FY10

ä Maintain BUY with a target of Rs400

for the detailed update on Godawari Power & Ispat Ltd.


Go to :-

http://www.esnips.com/doc/2dfb116b-f69c-44f4-8c56-4159e1053a3

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