Bhushan Steel Ltd
BHUSANSTL

39.85

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

39.95

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
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Accumulate
Reco. Price
Rs 40.10

Last updated on 02-Dec-2016

We recommend an ACCUMULATE on the stock as we see revenue growth and margin expansion leading to reduced losses. We also expect a viable solution to the company’s debt woes to allay solvency fears. We see moderate upside on FY17E EV/EBITDA of 9.7x. (Target Price - Rs.43.7)
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50 DMA (.)
42.36
100 DMA (.)
42.18
200 DMA (.)
39.66
Weekly Range (.)
39.25
41.60
Monthly Range (.)
36.45
45.70
52 Weeks Range (.)
32.30
51.30
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