Eveready Industries India Ltd
EVEREADY

249.20

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249.25

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Buy
Reco. Price
Rs 245.00
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 ~25x FY17E P/E compared to ~32x FMCG industry’s FY17E P/E valuations. (Target Price: Rs. 275)
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50 DMA (.)
244.21
100 DMA (.)
233.48
200 DMA (.)
248.13
Weekly Range (.)
241.50
255.80
Monthly Range (.)
227.30
255.80
52 Weeks Range (.)
199.55
291.00
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