Elgi Equipments Ltd
ELGIEQUIP

203.60

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

205.00

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
Detailed Quote

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Buy
Reco. Price
Rs 211.00
We recommend a BUY, as restructuring of overseas subsidiaries and improving utilisation is expected to expand margins by 130bps in FY18E. We also expect new product launches to aid revenue growth. The stock is trading at a P/E of 28x on FY18E numbers. (Target Price - Rs 240).
Detailed View
50 DMA (.)
212.97
100 DMA (.)
199.68
200 DMA (.)
191.65
Weekly Range (.)
203.65
213.25
Monthly Range (.)
203.65
222.85
52 Weeks Range (.)
155.20
228.00
Detailed Chart
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