Parekh Aluminex

Buy Parekh Aluminex With Target Of Rs 350

Buy Parekh Aluminex With Target Of Rs 350Sunidhi Securities is bullish on Parekh Aluminex Ltd stock and has maintained 'buy' rating on Tata Motors Limited stock.

According to Sunidhi Securities, the stock can be purchased to attain a medium term target of Rs 350.

Today, the stock of the company opened at Rs 241.40 on the Bombay Stock Exchange (BSE).

The share price has seen a 52-week high of Rs 604 and a low of Rs 125.50 on BSE.

At CMP, the share is trading at a P/E of 4.4x on FY10E and 3.5x on FY11E.

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