Buy Mundra Port and SEZ : Edelweiss
Edelweiss research has maintaiend buy rating on Mundra Port and SEZ, in its December 10, 2007 report. “MPSEZ, with its natural location advantage and proximity to maritime trade routes, and with strong capacity expansion is expected to register volume CAGR of 36.6% during FY07-12E. This is likely to drive the revenue and EPS CAGR by 48.0% and 88.7%, respectively, for the company during FY07-09E. We have valued MPSEZ’s business through discounted cash flow valuation at Rs 1331per share. Given the strong integrated business model and potential upsides, we initiate coverage on the stock with a ‘buy’ recommendation” according to Edelweiss report.
