KPIT Cummins - Diwali Picks 2012 - Kotak

CMP - Rs.121, Current TP - Rs.146

- Management commentary echoes the optimism sounded by other leading peers about the continuing traction in automotive, manufacturing and hi-tech verticals, the mainstay of KPIT.

- We understand that, the company has decent visibility on revenues, going ahead.

- Stock is available at about 9.3x FY14 estimates.

Source : Equity Bulls

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