HDFC Sec: 'Buy' Apar IndustriesOur Markets Bureau / Mumbai August 04, 2006HDFC Securities Retail Research recommends power equipment player and leader in transmission oil division, Apar Industries at Rs 175.The stock has corrected significantly from the once high levels of Rs 292 and is now trading at 10.5x and 8.33x for FY06 and FY07E respectively.Apar could achieve 29% growth in sales in FY07 and a 28% growth in PAT. The other comparable peers KEC and Jyoti Infrastructure are trading at 19-20 x and 13x
