Parag Parikh Financial Advisory Services has recommended a buy rating on Fulford (India) in its March 26, 2009 research report.
“Fulford (India) ltd. has been a steady peformer in terms of top-line & bottom-line growth, over the past several years. the company has consistently achieved growth in the range of 10-13% CAGR over CY04-CY08 period. Going forward, we expect the company to maintain similar growth rates of 10.3% & 14.4% CAGR in top-line & bottom-line respectively, over CY08-CY10E period. We initiate coverage with a BUY on the stock,” says Parag Parikh Financial Advisory Services’ report.
Related posts: