Emkay has recommended ’Buy’ on Century Plyboards (India) with a price target of Rs 80 as against the market price (CMP) of Rs 62 in its report dated July 21, 2010.

The broking house gave the following conference call investment rationale:
“Century Plyboards (CPL) Q1FY11 numbers ahead of expectations- overall EBITDA at INR716.3m (+8.7% YoY) higher than estimates (INR614m), led by better than expected profitability of cement and power division.”
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