Bajaj Corp Ltd
BAJAJCORP

393.15

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393.45

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Accumulate
Reco. Price
Rs 393.00
We recommend ACCUMULATE on stock on account of increase in capacity and revamping of distribution chain. Also, we get growth in its core brands to drive revenues by 12% CAGR over FY17-19E. The stock is trading at 17x P/E on FY19E earnings. (Target Price - Rs.430)
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50 DMA (.)
382.67
100 DMA (.)
377.13
200 DMA (.)
386.06
Weekly Range (.)
391.95
404.70
Monthly Range (.)
370.15
435.70
52 Weeks Range (.)
324.50
435.70
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