Granules India Ltd
GRANULES

136.95

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

136.75

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

136.90

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Accumulate
Reco. Price
Rs 134.30
We recommend ACCUMULATE on the stock on account of expansion of API and PFI capacities. Also, company’s joint venture with Omnichem will aid future revenue growth. The stock is trading at a P/E of 14.3x on FY18E earnings. (Target Price- Rs.146.5)
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50 DMA (.)
122.81
100 DMA (.)
116.58
200 DMA (.)
124.47
Weekly Range (.)
128.25
138.75
Monthly Range (.)
126.70
138.75
52 Weeks Range (.)
91.45
151.00
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