elecon engineering (Emkay) Momentum Continues, Retain BUY

Revenue performance better then expectedRevenue performance better then expected.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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