Dredging Corporation of India Ltd
DREDGECORP

381.70

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

380.00

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Turnover (lac)
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Buy
Reco. Price
Rs 409.15

Last updated on 05-Dec-2016

We recommend BUY on the stock as we expect revenue to grow by ~14% in FY17E after de-growth for last two preceding years. This will be led by impetus of government on maintaining clean water bodies and development of inland waterways. The stock trades at FY17E P/E of 12.3x and EV/EBITDA of 9x. (Target Price – Rs.465)
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50 DMA (.)
400.35
100 DMA (.)
413.55
200 DMA (.)
393.19
Weekly Range (.)
389.10
437.00
Monthly Range (.)
351.60
437.00
52 Weeks Range (.)
290.00
466.00
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