Finolex Industries Ltd
FINPIPE

539.45

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

537.30

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Turnover (lac)
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Accumulate
Reco. Price
Rs 500.00
We recommend an ACCUMULATE on the stock on account of capacity expansion of pipes and fittings. This will be driven by enhanced demand for irrigation infrastructure. However, we see limited upside as stock is currently trading at 21.5x P/E on FY18E earnings. (Target Price - Rs.494.18)
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50 DMA (.)
467.79
100 DMA (.)
452.95
200 DMA (.)
446.32
Weekly Range (.)
515.00
545.00
Monthly Range (.)
458.05
545.00
52 Weeks Range (.)
301.50
545.00
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