Den Networks Ltd
DEN

62.70

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62.80

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Rs 63.35

Last updated on 05-Dec-2016

We recommend REDUCE on the stock as net losses are expected to continue in FY17E. This is due to high depreciation and capex acting as drag on profitability. Stock looks overvalued at FY17E EV/ EBITDA of 10x. (Target Price- Rs.59)
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50 DMA (.)
72.52
100 DMA (.)
77.95
200 DMA (.)
82.43
Weekly Range (.)
61.80
67.40
Monthly Range (.)
59.60
78.90
52 Weeks Range (.)
59.60
115.80
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