Asahi India Glass Ltd
ASAHIINDIA

209.90

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211.85

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Accumulate
Reco. Price
Rs 210.00
We recommend ACCUMULATE on the stock as innovative product launches with low entry barriers will boost demand. The company’s debt reduction plan and better production at flat costs will boost PAT by ~14% in FY17E. We see limited upside at P/E of 55x on FY17E EPS. (Target Price- Rs.230)
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50 DMA (.)
206.15
100 DMA (.)
193.14
200 DMA (.)
187.34
Weekly Range (.)
207.00
212.90
Monthly Range (.)
204.00
219.00
52 Weeks Range (.)
143.20
224.00
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