Coffee Day Enterprises Ltd
COFFEEDAY

236.75

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Day's Vol.(shares)

236.95

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Accumulate
Reco. Price
Rs 234.00
We recommend ACCUMULATE on the stock as CCD will be the major beneficiary of revival in urban discretionary consumption. Further, several new initiatives and strong brand recall among the youths are positive triggers. The stock is trading at EV/EBITDA of 12x in FY17E. (Target Price-Rs 248)
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50 DMA (.)
219.56
100 DMA (.)
212.20
200 DMA (.)
226.57
Weekly Range (.)
230.00
249.45
Monthly Range (.)
227.00
249.45
52 Weeks Range (.)
190.20
276.75
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