BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Kotak maintains buy on Bombay Burmah Trading Corporation
The stock price of Bombay Burmah Trading Corporation Limited (BBTC) in Friday's trade breached our short term target price of Rs.1,130 to close at Rs.1,239. Though the stock has moved up by 41% from our initiation price within a short span of time, we continue to recommend a BUY on the stock with another 6 to 12 months investment perspective with a revised target price of Rs.1,486. Even after this impressive run-up, the valuation discount to its investment in Britannia stands at 67% at the current market price. However, the average of holding companies (HCs) discount stands at around 50% only.