We are only conducting Seminars to make Professional Traders. Join Now for Hyderabad and Chennai Seminar. The material published on the blog is of general and educational information only and is not suitable for trading purpose. We do not provide Stock Tips. Please do not make any payment on website. All Material is available Free on the site.

Tractors India Target Price in near Future

Kotak securities has given target price for Tractors India as Rs 310 and their recommendation and analysis on stock is as appended below:

We considerably reduce our earnings estimate for FY12 & FY13 to factor in 1)delay in government infrastructure projects 2) increasing input prices 3) rising interest rate scenario. We turn cautious on the increasing trend in debtor days and swelling up of company's working capital needs. At current price of Rs.276, company's stock is trading at 8.5x P/E and 4.7x EV/EBITDA on FY13E earnings.We believe that company's stock along with the peer group is likely to underperform the broader market in near term. We change our rating to 'REDUCE' from 'BUY' earlier on the company's stock with a one year DCF price target of Rs 310 (Rs 560 earlier).

Bookmark us for dalal street tips and make money with our day trading tips and tricks.

Most Visited Stocks - Click to Visit Link

 
We Teach and Train our Readers as we want to make sure that Readers become thorough professionals. We do not provide any stock tips. Please do not make any payments. Your joining or reading content is subject to acceptance of our terms and Disclaimer for which link is given on the site at bottom right hand corner. Wherever the word tip is written; it implies an idea which is of informational value and is not suitable for trading. Trade ideas if any are for educational purpose only. We are conducting Seminars to make Professional Traders. Join Now for Bangalore, Chennai and Hyderabad. Leave query through contact form.
Chart> Nifty A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 0-9