>> Saturday, November 22, 2008
CMP: Rs 154.65
The company also has a good presence in the US as well as in Europe, it adds. The report also highlights the point that while the company’s garments are sold in the offshore market, its fabrics are sold in the domestic arena. According to the broking firm, at a CMP of Rs 156, the stock discounts at an FY09E EPS of Rs 26.80 by 5.8 times and an FY10E EPS of Rs 43.80 by 3.5 times.