Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

Buy Bombay Rayon Fashion, tgt Rs 554: Networth

41 sec read

Networth Stock Broking has maintaineed buy rating on Bombay Rayon Fashion with target price of Rs 554 in its January 01, 2008 report. "Bombay Rayon Fashions Ltd. (BRFL), the largest manufacturer of designer shirts has emerged as one of the fastest growing companies in India. The net sales and profits of the company have grown at a CAGR of 117% and 174% respectively over the last 2 years. We expect the addition of new capacities and change in product mix to ensure continuation of its robust growth. We have projected the sales and profits to grow at a CAGR of 71% and 80% respectively over FY07-10. At the current price of Rs 359, it trades at a P/E of 28.1x, 13.9x and 7.8x its FY08(E), FY09(E) and FY10(E) EPS respectively. Our DCF valuation of the company gives us a price target of Rs 601. However, taking a conservative approach we have valued the company giving P/Ex of 12 to FY10 EPS of Rs 46.14. We recommend buy on the stock with a one-year price target of Rs 554, an appreciation of 54% from the current level," according to Networht Stock Broking.

 

Rajandran R Founder of Marketcalls and Co-Founder Algomojo. Full-Time Derivative Trader. Expert in Designing Trading Systems (Amibroker, Ninjatrader, Metatrader, Python, Pinescript). Trading the markets since 2006. Mentoring Traders on Trading System Designing, Market Profile, Orderflow and Trade Automation.

GANN Shorter term update for Nifty as on 15…

  GANN Supports zone near 5005. More weakness below 5005 as next support near 4780. Avoid longs if nifty dips below 5005. Source: www.marketcalls.in
Rajandran R
5 sec read

Larsen and toubro update

  Trailing Stop Loss Update for Larsen and Tourbo   Cover Shorts and reverse the position if LT closes above 1665. Source: www.marketcalls.in
Rajandran R
6 sec read

JP Associates is getting Weaker

  1)Stock is showing massive MACD divergence 2)Price is currently below 13,34,55 EMA and these levels could act as a resistance in coming sessions. 3)Stop loss...
Rajandran R
12 sec read

Leave a Reply

Get Notifications, Alerts on Market Updates, Trading Tools, Automation & More