Granules India Ltd
GRANULES

133.80

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

133.50

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

134.15

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
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Accumulate
Reco. Price
Rs 122.70
We recommend an ACCUMULATE on the stock on account of expansion of API capacities and expected ANDA approvals. Also company’s joint venture with Omnichem will aid future revenue growth. The stock is trading at a P/E of 14.1x on FY17E earnings. (Target Price: Rs.132.7)
Detailed View
50 DMA (.)
115.58
100 DMA (.)
114.93
200 DMA (.)
124.47
Weekly Range (.)
124.15
132.80
Monthly Range (.)
109.75
134.90
52 Weeks Range (.)
91.45
151.00
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