elecon engineering (Emkay) Momentum Continues, Retain BUY

Revenue performance better then expected; . So do Ebidta margins remain healthy at 16.2% in the quarter; .With similar growth in interest and depreciation, APAT grew by 25.1% yoy to Rs236 mn; Order inflows doubles to Rs4.4 bn, Order backlog at Rs13.8 bn
Date Rating Target Price Recommendation Price Broker house
26 May 2011 buy 89 67 Emkay Report

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