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4/29/10
Welspun-Gujarat Stahl Rohren: 45% upside potential
As of Mar 31, 2010, order book of the company stood at Rs6430 crs, consisting of pipe and plate orders and strong global clientele base of the company ensures robust order inflows. At CMP of Rs265.6, the stock is trading at P/E multiple of 8.4 times for FY10 EPS of Rs31.7. Investors are recommended to buy the stock for a price target of Rs385
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