Finquest suggests to Buy Kewal Kiran Clothing, Target Of Rs 278
Finquest Research is expecting Kewal Kiran Clothing and recommended buy rating on the stock with a target of Rs 278.
Finquest Research report on Kewal Kiran:
Kewal Kiran Clothing, KKCL’s Q1FY2008 results increase with 21.5% YoY and 16% rise in revenues. Significant pressure on margins in H2FY2007 on account of lower stores straighten resulting in higher advertising & selling expenses.
Valuation: KKCL is well pitched to achieve estimated EPS of Rs 18.9 and Rs for FY2008E and FY2009E.