India's oil imports from Iran will be hit from the end of August as the State Bank of India (SBI) has informed refiners it will not handle payments for crude from the Middle Eastern nation from November, the finance head of Indian Oil Corp said on Friday.
At the CMP of Rs377.2/- the stock trades at 10.5x it’s estimated EPS of Rs36x/- for FY19. Globally some of the content publishers like Scholastic & Pearson trade at 18-25x 1yr forward earnings. S Chand has been highly volatile during the last years but privy to peer trading multiples vs. higher growth for S Chand we believe the stock is attractively valued at these levels.
Net Sales and PAT of the company are expected to grow at a CAGR of 14% and 7% over 2017 to 202oE, respectively.Hence, we say that, we are Overweight in this particular scrip for Medium to Long term investment.