Eveready Industries India Ltd
EVEREADY

248.90

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247.20

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Buy
Reco. Price
Rs 254.00
We recommend a buy on account of improving product mix and margin expansion. This will be backed by growing revenue share of LED. The stock is attractively valued at ~26.7x FY17E P/E compared to ~32x FMCG industry’s FY17E P/E valuations. (Target Price: Rs. 285)
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50 DMA (.)
233.81
100 DMA (.)
235.77
200 DMA (.)
247.72
Weekly Range (.)
243.30
263.80
Monthly Range (.)
240.00
263.80
52 Weeks Range (.)
199.55
291.00
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