Prabhudas Lilladher: 'Outperformer' Sona Koyo

Prabhudas Lilladher has maintained its "Outperformer" rating on Sona Koyo Steering.

According to a results update released on July 19, the brokerage said: "At the ruling market price of Rs 79, the stock trades at 15.5x FY07E EPS of Rs 5.10. We expect the ongoing capex programme and the export thrust to be encouraging for the company's long-term prospects, resulting in a strong performance going forward. Maintain OUTPERFORMER."

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