Thursday, July 7, 2011

Alliance Finance Annual results for the year ended 31st March 2011

ALLI able to increase their net interest income to 544 Mn
which is more than 100% increase when comparing to the previous year net interest income of Rs. 246 Mn.

Net Profits has been increased from 67 Mn to 184 Mn which gives an EPS of Rs. 114.07 to the last financial year.

When comparing to the current Sector PE of 17 we can value the share around Rs. 1900/- and when comparing with the market PE of 23 the valuation is about 2600/-

Recomandation - GOOD BUY

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