Deepak Nitrite Ltd
DEEPAKNTR

108.40

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

108.15

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Buy
Reco. Price
Rs 99.30
We recommend Accumulate on stock as green field expansion in Dahej will lead to top line growth of ~8% over FY16-18E. This is also expected to lead to EBITDA margin expansion of 160bps over FY16-18E. The stock is trading at P/E of 6.3x on FY18E earnings. (Target Price- Rs.101.1)
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50 DMA (.)
100.88
100 DMA (.)
103.55
200 DMA (.)
100.60
Weekly Range (.)
100.20
108.20
Monthly Range (.)
96.90
113.90
52 Weeks Range (.)
57.65
134.00
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