Brics PCG: 'Buy' Crew BOS

Brics PCG recommends 'Buy' on Crew BOS at Rs 145 with a target price of Rs 250.

At the current price the stock is quoting at a P/E of 12.2x and 6.5x for FY06 and FY07E respectively. The company has posted better than expected results with a revenue and net profit growth of 46% and 43% y-o-y respectively.

The company has recently increased its ladies footwear, watch strap and belt capacities for which it plans to raise funds from international and domestic markets for further expansion and diversification projects.