92.80 -0.70 (-0.75%)
NSEJul 16, 2020 15:31
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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2018-01-03||TVS Electronics Ltd.||Choice India||398.35||500.00||398.35 (-76.70%)||Target met||Buy|
Valuation: We expect that the company will have an impetus leading to strong growth in the medium to long term on account of a number of initiatives taken in line with the changing markets and adapting to the new technologies in a efficient manner. Thus, on our valuation front, at CMP 399.0 , the company is trading at a P/E multiple of 48.5x as compared to the peer average of 53.4x, whereas the EV/EBITDA multiple is 28.7x as compared to the peer average of 26.3x. After considering all these factors and high probability of strong growth in the future we recommend a Buy,...