Dear Investors,
As you all know we recommend only fundamental strong companies to our PAID MEMBERS we had asked to BUY SIYARAM SILK MILLS LTD at 348 levels NOW ANGEL BROKING has asked to BUY at 360 levels for TARGET 414...here the research " SSM generates 75% of its revenue through Tier-II&III cities. Thus, the company is expected to benefit greatly from the growing middle-class population in the country, especially in small towns, and the shift in preference towards branded products. Further, timely capacity expansion will help the company to take full advantage of growing demand in India. With strong growth across all segments, we expect SSM to register a 17.5% CAGR in revenue. SSM, a dominant player in the industry, has over 20% RoE and is currently available at an attractive valuation of just 5.2x FY2013E earnings (as against its historical median of 6x one-year forward EPS). We Initiate Coverage on the stock with an Accumulate recommendation and a target price of `414, valuing the stock at 6x FY2013E earnings."
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