'Subscribe' to Sharda Cropchem IPO: GEPL Capital
Source: IRIS | 05 Sep, 2014, 03.29PM
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Rating: NAN / 5 stars. |
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Sharda Cropchem (SCL) has an asset light business model, primarily into marketing and distribution of agrochemicals globally. It is bringing the issue at price band of Rs 145-156 a share.
Commenting on the above, GEPL Capital said, 'At the upper price band of Rs 156 the company is trading at a P/E of 13.2x on its FY14 EPS. Considering the factors like healthy financials, zero debt, asset light business model & strong distribution network we recommend Subscribe on the issue for listing gains.'
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