Astral Poly Technik Ltd
ASTRAL

552.60

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555.50

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Accumulate
Reco. Price
Rs 563.00
We recommend ACCUMULATE on the stock as we expect revenue to be driven by new products and better business prospects. Also, investment in Resinova will lead to increase in adhesive business. However, we see limited upside as the stock is trading at rich P/E of 34.9x on FY18E earnings .(Target Price -Rs.620 )
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50 DMA (.)
515.72
100 DMA (.)
455.94
200 DMA (.)
454.35
Weekly Range (.)
526.50
573.45
Monthly Range (.)
526.50
581.95
52 Weeks Range (.)
367.05
591.30
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