Force Motors Ltd
BAJAJTEMPO

4,360.00

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Turnover (lac)
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Accumulate
Reco. Price
Rs 4118.60
We recommend an ACCUMULATE on the stock as we expect the company's top-line to grow at 17% CAGR over FY16-18E. This will be driven by demand traction from OEMs for auto-components and rebound in demand in LCV and SCV. The stock is currently trading at P/E of 21.4x on FY18E earnings. (Target price - Rs.4,447.3)
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50 DMA (.)
4,124.50
100 DMA (.)
4,130.04
200 DMA (.)
3,603.34
Weekly Range (.)
4,112.50
4,478.00
Monthly Range (.)
4,070.00
4,478.00
52 Weeks Range (.)
2,180.00
4,839.00
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