Keeping in view the significant downfall in Engro’s stock and strong fundamentals investors have over reacted. We foresee quick short term recovery of 5-10% and moderate upward movement going forward. It is a good time to take an entry in Engro as against peers, which are trading close to their target prices. The stock is currently trading at CY11E & CY12E P/E of 7.41x & 5.58x respectively and our TP for the stock is Rs235/ share.
Showing posts with label Engro’s stock. Show all posts
Showing posts with label Engro’s stock. Show all posts
Friday, September 9, 2011
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