equityresearch
Equity Research
At the current market price of Rs 497 per share, PEL is currently
trading at a PE of 16.2x FY10E and 13.7x FY11E EPS estimates, which
looks quite attractive. At Rs. 497 per share the stock is trading at a
discount of 27.9% from our intrinsic price of Rs. 635 per share which is
20.7x FY10E and 17.6x FY11E earnings. We recommend a BUY rating
on the stock with a long term view.
http://www.nirmalbang.com/Upload/Patel Eng_Report.pdf
trading at a PE of 16.2x FY10E and 13.7x FY11E EPS estimates, which
looks quite attractive. At Rs. 497 per share the stock is trading at a
discount of 27.9% from our intrinsic price of Rs. 635 per share which is
20.7x FY10E and 17.6x FY11E earnings. We recommend a BUY rating
on the stock with a long term view.
http://www.nirmalbang.com/Upload/Patel Eng_Report.pdf