Automotive Axles Ltd
AUTOAXLES

712.80

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713.90

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Reco. Price
Rs 639.00
We recommend accumulate on the stock on account of strong prospects in commercial vehicle (CV) industry. Further, the recent expansion in Jamshedpur and strong client base augurs well for the company. The stock is trading at decent valuations-PE of 22x in FY17E. (Target Price- Rs 677)
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50 DMA (.)
647.17
100 DMA (.)
645.20
200 DMA (.)
655.07
Weekly Range (.)
620.00
707.75
Monthly Range (.)
616.10
707.75
52 Weeks Range (.)
527.50
804.70
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