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India Equity Research Reports, IPO and Stock News
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DRL
For 2QFY2012, DRL posted net sales and profit of `2,268cr and `307cr,
registering yoy growth of 21.3% and 7.3%, respectively. Net sales growth was
above expectations, while net profit growth was mostly in-line with expectations
mainly on the back of lower-than-expected OPM. The company's OPM during
the quarter came in at 15.6%. At the CMP, the stock is trading at 17.4x
FY2012E and 15.9x FY2013E earnings. We maintain our Buy rating on the
stock with a target price of `1,920.
India Equity Research Reports, IPO and Stock News
Visit http://indiaer.blogspot.com/ for complete details �� ��
DRL
For 2QFY2012, DRL posted net sales and profit of `2,268cr and `307cr,
registering yoy growth of 21.3% and 7.3%, respectively. Net sales growth was
above expectations, while net profit growth was mostly in-line with expectations
mainly on the back of lower-than-expected OPM. The company's OPM during
the quarter came in at 15.6%. At the CMP, the stock is trading at 17.4x
FY2012E and 15.9x FY2013E earnings. We maintain our Buy rating on the
stock with a target price of `1,920.
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