Visit http://indiaer.blogspot.com/ for complete details Nesco Ltd. (Buy)
Particulars Rs.
CMP 586
Target Price 670
Upside (%) 14.33
52 Week H/L 777.45/330.50
Market Cap (Cr) 825
Nesco Ltd has a monopoly in trade exhibition business.
Bombay Exhibition Centre (BEC) is the largest exhibition
centre in Mumbai, which is part of the 70-acre land bank on
Western Express Highway at Goregaon, near Mumbai airport
and has become a permanent venue for conventions, Nesco
is developing an IT park, for the purpose of leasing and we
expect this development to act as a major growth driver. The
total area under construction will be 35 lacs. sq. Further,
company is enjoying higher OPM and NPM more than 50%
and 35% respectively from last couple of years. We expect
Between FY10 & FY12, Revenues and Net profit of the
company would grow by CAGR of 25%.
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