Buy APIL with a price target of 
625: Hem Securities
Bangalore: With a view that the Alstom Projects (APIL) is well positioned to benefit from the country's increasing focus towards power capacity generation, Hem Securities has initiated a buy rating with a price target of 
625. With the recommended target price, if the stock is bought at today's closing price of 487, the percentage of gain would be 28.33 percent. The one year stock price chart is on the left.
Alstom Projects is the Indian arm of the France-based multinational company Alstom. It deals in manufacturing of power supply generation equipment and rail equipment. Though, the company is exposed to tough competition from big players like BHEL, Hem Securities has shown confidence in Alstom Projects because of the increased project portfolio and technological competitiveness.
For the financial year ended March 2009 the net sales of Alstom Projects stood at Rs 23007.90 million a sharp growth of 47.55 percent over the last year's turnover of Rs 15593.50 million. The expenses stood at 20945.80 million up by just 44.58 percent driving the operating profits even higher to Rs 2062.10 million posting a growth of 86.36 percent on year-on-year basis.
625. With the recommended target price, if the stock is bought at today's closing price of 487, the percentage of gain would be 28.33 percent. The one year stock price chart is on the left.
Alstom Projects is the Indian arm of the France-based multinational company Alstom. It deals in manufacturing of power supply generation equipment and rail equipment. Though, the company is exposed to tough competition from big players like BHEL, Hem Securities has shown confidence in Alstom Projects because of the increased project portfolio and technological competitiveness.
For the financial year ended March 2009 the net sales of Alstom Projects stood at Rs 23007.90 million a sharp growth of 47.55 percent over the last year's turnover of Rs 15593.50 million. The expenses stood at 20945.80 million up by just 44.58 percent driving the operating profits even higher to Rs 2062.10 million posting a growth of 86.36 percent on year-on-year basis.