Credit Analysis & Research Ltd
CARERATING

1,490.75

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1,485.15

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Reduce
Reco. Price
Rs 1475.00
We recommend REDUCE on the stock as the stock is trading at premium P/E of 42.1x on FY17E earnings. We expect company to benefit from change in regulatory framework. Also, enhanced operational efficiency due to introduction of CART will boost PAT by ~10% in FY17E. (Target Price Rs 1,358)
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50 DMA (.)
1,411.50
100 DMA (.)
1,393.62
200 DMA (.)
1,280.19
Weekly Range (.)
1,461.00
1,499.85
Monthly Range (.)
1,320.00
1,514.00
52 Weeks Range (.)
901.00
1,575.00
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