Deepak Nitrite Ltd
DEEPAKNTR

116.95

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

117.40

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Turnover (lac)
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Buy
Reco. Price
Rs 122.50
We recommend BUY 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 7.7x on FY18E earnings. (Target Price- Rs.137)
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50 DMA (.)
109.52
100 DMA (.)
103.00
200 DMA (.)
103.89
Weekly Range (.)
116.00
121.00
Monthly Range (.)
107.00
131.25
52 Weeks Range (.)
63.75
134.00
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