FAG Bearings Has Target of Rs 850: Kapadia

Resource from: CBCC Likes:2952

Sep 19,2007

FAG Bearings Has Target of Rs 850: Kapadia Ranjit Kapadia, Head of Research of PCG, Prabhudas Lilladher is of the view that FAG Bearings has target of Rs 850. Kapadia told CNBC-TV18, "FAG Bearings is currently trading at Rs 644; it's trading at 11 times the current year earnings calendar year 07 and 8.5 times 08 earnings. So the stock has got good potential about 40-45% from this level. The major upside from three different aspects - one is the industrial production, India is showing a double digit growth for last four months and this is likely to continue." He further added, "Second, the railways have increased the allocation in the Budget and third, the auto segment is showing a steady growth in current year and likely to continue except in the two wheeler segment. So this company's presence is in all the three segments and it's likely to show the growth in topline as well as in the bottomline. My target is about 40% upside from these levels of about Rs 850."

()

【CBCC News Statement】
1.The news above mentioned with detailed source are from internet.We are trying our best to assure they are accurate ,timely and safe so as to let bearing users and sellers read more related info.However, it doesn't mean we agree with any point of view referred in above contents and we are not responsible for the authenticity. If you want to publish the news,please note the source and you will be legally responsible for the news published.
2.All news edited and translated by us are specially noted the source"CBCC".
3.For investors,please be cautious for all news.We don't bear any damage brought by late and inaccurate news.
4.If the news we published involves copyright of yours,just let us know.

Add to My Favorites

[Close the window]

Previous Dover Corporation Announces New Structure to Enhance Future Performance
Next Timken Extends Agreement With North Coast Bearings, Inc.

BRIEF INTRODUCTION

Cnbearing is the No.1 bearing inquiry system and information service in China, dedicated to helping all bearing users and sellers throughout the world.

Cnbearing is supported by China National Bearing Industry Association, whose operation online is charged by China Bearing Unisun Tech. Co., Ltd.

China Bearing Unisun Tech. Co., Ltd owns all the rights. Since 2000, over 3,000 companies have been registered and enjoyed the company' s complete skillful service, which ranking many aspects in bearing industry at home and abroad with the most authority practical devices in China.