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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2018-01-04||SJVN Ltd.||Choice India||38.80||43.00||38.80 (-43.56%)||Buy|
Valuation: We expect that the company will have an impetus leading to strong growth in the medium to long term on account of strong pipeline in the next few years. Thus, on our valuation front, at CMP 38.7 , the company is trading at a P/E multiple of 11.2x and a EV/EBITDA multiple of 7.9x which is at a discount as compared to the industry P/E and industry EV/EBITDA of multiple of 28.2x and 15.9x respectively. After considering all these factors and high probability of strong growth...