Buy Mangalore Refinery And Petrochemicals Ltd., target Rs 97.0 : Centrum Broking

Centrum Broking has Buy call on Mangalore Refinery And Petrochemicals Ltd. with a target price of Rs 97.0. The current market price of Mangalore Refinery And Petrochemicals Ltd. is 82.55. Time period given by analyst is year, when Mangalore Refinery And Petrochemicals Ltd. price can reach defined target. Centrum said the stock is at 22% valuation discount to comparable global peers as of CY2017. The stock's PB is 1.7x FY17 and 1.4x FY18 estimated earn ings. According to Bloomberg estimates, peer BPCL is trading at 11.51x FY17 estimated earnings.