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Finquest suggests to Buy Kewal Kiran Clothing, Target Of Rs 278

Shalini Kakkad 26 July 2007

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.

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