Texmaco Limited - ABN Trading Call
Wednesday, May 16, 2007ABN Amro has recommended a BUY on Texmaco Limited with a price target of Rs 1090.
Key Triggers for the Stock are:
- Entry of private players into containerized freight segment and Indian Railways wagon business. Texmaco's wagon business accounts for approximately 50% of its revenues.
- New Steel foundry has commenced operations in FY07.
- Unlocking the value of idle land bank and business restructuring viz inorganic growth.
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