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CRISIL Research assigns to Swan Energy

CRISIL Research assigns fundamental grade 3/5 to Swan Energy Ltd.

July 25, 2014 9:37 IST | India Infoline News Service
CRISIL Research has assigned a CRISIL IER fundamental grade of 3/5 to Swan Energy Ltd (Swan). The grade indicates that the company’s fundamentals are `good’ relative to other listed equity securities in India. The fair value of the stock is ?67 per share. At the current market price of ?61 per share, our valuation grade is 3/5 indicating that the fair value is aligned to the current market price. The grades are not a recommendation to buy, sell or hold the graded instrument, or a comment on the graded instrument’s future market price or its suitability for a particular investor.

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