AIA Engineering Ltd
AIAENG

1,501.40

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1,493.05

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Buy
Reco. Price
Rs 1522.00
We recommend buy on the stock on account of strong volume growth. This will be led by increasing adoption of high chrome grinding media vs. forged grinding media in the mining sector. The stock is trading at a PE of 32x in FY17E. (Target Price- Rs 1,690)
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50 DMA (.)
1,418.43
100 DMA (.)
1,345.37
200 DMA (.)
1,239.02
Weekly Range (.)
1,461.50
1,549.00
Monthly Range (.)
1,425.00
1,549.00
52 Weeks Range (.)
914.05
1,581.90
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