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Kotak recommends Sunil Hi Tech Engineers

Kotak recommends Sunil Hi Tech Engineers
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First Published: Thu, Jul 16 2009. 08 39 AM IST
Updated: Thu, Jul 16 2009. 08 39 AM IST
The stock of Sunil Hi Tech Engineers Ltd (SHEL) has corrected sharply by 36% from a high of Rs196 on 30 June 2009 to recent low of Rs125, within a short span of less than 15 days.
Post the sharp fall the stock is very attractively valued at 4.4x its FY10E EPS of Rs.30.
We see this as an opportunity to enter into the stock for medium to long-term gains and thus we recommend BUY on the counter.
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First Published: Thu, Jul 16 2009. 08 39 AM IST
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