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McNally Bharat bags order worth `24cr
McNally Bharat Engineering has bagged an order worth `24cr from Tata Projects Ltd. under
its steel, mining and port. The order consists of supplying coal grinding plant structure. The
current order book position stands at `3,920cr. At the end of March 2010, the company had
an order book worth `3,939cr. At the previous close of `215, the stock is trading at
attractive valuation 8.2x its estimated earnings of FY2012. We maintain our Buy rating on
the stock with a Target Price of `368.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
McNally Bharat bags order worth `24cr
McNally Bharat Engineering has bagged an order worth `24cr from Tata Projects Ltd. under
its steel, mining and port. The order consists of supplying coal grinding plant structure. The
current order book position stands at `3,920cr. At the end of March 2010, the company had
an order book worth `3,939cr. At the previous close of `215, the stock is trading at
attractive valuation 8.2x its estimated earnings of FY2012. We maintain our Buy rating on
the stock with a Target Price of `368.
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