Saturday, February 2, 2008

IVR Prime - Update - Kotak

IVR Prime Urban Developers: 3QFY08 PAT in line with estimates; retain target price and rating

We retain our target price of Rs600; BUY rating
Our target price of Rs600/ share is based on March 2009 NAV of Rs610/share. This implies a 110% upside from the current stock price of Rs285/share and we re-iterate our BUY rating. Key regions that contribute significantly to PUDL’s NAV are as below.

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