06 May 2011

Navneet Publications Ltd: Techno

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Navneet is a market leader in the supplementary books segment in Maharastra and Gujarat with ~ 60% share. Its foray into e-learning is a new imitative which will aid both topline and bottomline. At the CMP of `60.9/- the stock trades at 15.6x its estimated EPS of `3.9 in FY12.
Poised for  healthy growth, higher quality of content services for students and its new e-learning imitative we believe the stock is a good investment at these levels and hence advice investors to “HOLD” the stock for a 15% return from current levels over the next 8-12 months.

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