Bhushan Steel Ltd
BHUSANSTL

57.00

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Turnover (lac)
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Day's Vol.(shares)

57.15

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Turnover (lac)
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Accumulate
Reco. Price
Rs 57.20
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 13.6x. (Target Price - Rs.62.3)
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50 DMA (.)
48.39
100 DMA (.)
45.32
200 DMA (.)
42.71
Weekly Range (.)
51.80
59.75
Monthly Range (.)
49.55
63.70
52 Weeks Range (.)
32.60
63.70
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