Grindwell Norton Ltd
GRINDWELL

388.55

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387.40

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Buy
Reco. Price
Rs 383.70
We recommend BUY on expectations of rise in demand for abrasives and ceramic segment resulting in 18% revenue growth in FY18E. New product launches in ceramic and plastic segments are also expected to aid strong revenue generation. The stock is currently trading at an attractive FY18E multiple of P/E of 25.6x. (Target Price - Rs.436.9)
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50 DMA (.)
347.65
100 DMA (.)
336.58
200 DMA (.)
335.40
Weekly Range (.)
379.60
396.80
Monthly Range (.)
335.00
399.00
52 Weeks Range (.)
288.00
399.00
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