Credit Analysis & Research Ltd
CARERATING

1,370.95

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

1,361.50

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Reduce
Reco. Price
Rs 1366.00
We recommend REDUCE on the stock as the stock is trading at premium P/E of 38.9x 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 1258)
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50 DMA (.)
1,372.76
100 DMA (.)
1,399.10
200 DMA (.)
1,235.63
Weekly Range (.)
1,352.05
1,403.65
Monthly Range (.)
1,352.05
1,459.00
52 Weeks Range (.)
883.00
1,575.00
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