Coromandel International Ltd
COROMANDEL

256.00

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255.05

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Accumulate
Reco. Price
Rs 239.50

Last updated on 22-Nov-2016

We recommend an ACCUMULATE on the stock considering reduction of channel inventories on the back of normal monsoons. With focus on high margin segments, we expect EBIT growth of 19% in FY17E. Stock is currently trading at 12.7x P/E on FY17E earnings. (Target Price – Rs.258)
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50 DMA (.)
258.50
100 DMA (.)
256.77
200 DMA (.)
233.86
Weekly Range (.)
244.85
270.00
Monthly Range (.)
229.00
270.00
52 Weeks Range (.)
145.50
293.90
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