Tractors India Target Price in near Future

Edit this post

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.

Related Posts

Nifty / Bank Nifty Option Tip

Looking to trade intraday Nifty or Bank Nifty options? Our Nifty / Bank Nifty Option Tip shares trading calls with a defined entry, target and stop loss, so you know your risk before you trade. It suits traders who follow the market on a trading screen as well as those who place orders through their broker or by phone. Click on Image or Post Title to Read More.

Latest Video Reviews by Clients

Watch video reviews recorded by our clients about their experience with Indian-Share-Tips.com services, including the Nifty / Bank Nifty Option Tip and Delivery Tip. Click on Image or Post Title to Read More.

Awards and Recognition

See the awards and recognition Indian-Share-Tips.com has received over the years for its work in stock market research and investor education. Click on Image or Post Title to Read More.