Going forward, we expect Alok’s revenue to increase at a CAGR of 25% and profit to increase at a CAGR of 29% over FY08-10E. At Rs 80, the stock is trading at a P/E of 7.2x and 5.3x on our FY08E and FY09E EPS of Rs 11.1 and Rs 15.0 respectively. We maintain our ‘BUY’ recommendation on the back of continued visibility on earnings growth," according to Edelweiss Research report
Link to the entire article: http://www.moneycontrol.com/india/news/recommendations/edelweiss-maintains-buy-on-alok-industries/325124
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