IIFL has a buy call on Navneet Education Ltd. with a target price of Rs 135 .The current market price of Navneet Education Ltd. is Rs 109.25 Time period given by analyst is a year when Navneet Education Ltd. price can reach defined target. IIFL says Navneet Education is one of the most profitable education companies in India. Supported by above average monsoon, IIFL expects a recovery in sales from the contribution of Maharashtra business. The stationery business is expected to
improve due to focus on export business. Considering the high ROE and strong growth going forward, IIFL expects strong earnings growth in FY18. At IIFL target price, the stock is trading at 18xFY18E.
[“source-smallbiztrends”]
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