BSE Code: | NSE Code: | ISIN: | Sector:

NSE
223.50
Change Change %
8.85 4.12%

Updated:23 Oct, 2017, 15:57 PM IST

BSE
222.40
Change Change %
7.80 3.63%

Updated:23 Oct, 2017, 15:53 PM IST

Research Report Detail

Brokerage
Analyst
Report Date Call Price@Call Target Price
Stop Loss
Current Status Time Horizon
Reliance Securities
N/A
07-09-2017 Buy 212.50 254.00
N/A
Open Long (1Y)
07-09-2018

Reliance Securities maintains buy on Skipper

Skipper has delivered a strong performance in 1QFY18 as well with its net revenue growing by 39.6% YoY to Rs4.32bn led by healthy performance in Engineering Products and Infra Projects segments. Looking ahead, we expect Skipper's sales and PAT to witness 15.0% and 24.6% CAGR, respectively over FY17-FY19E, while RoCE is seen at 22.4% by FY19E. Given higher revenue visibility and huge imminent opportunities, we increase our target multiple to 15x FY19 earnings from 12x earlier.

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