Grindwell Norton Ltd
GRINDWELL

331.00

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

333.25

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Buy
Reco. Price
Rs 318.00
We recommend BUY based on an expected revenue growth of 11% CAGR over FY16-18E. This will be driven by industrial recovery, new product development and traction in high margin export markets. The stock is currently trading at an attractive FY17E multiple of P/E of 30.5x. (Target Price - Rs.362.4)
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50 DMA (.)
325.85
100 DMA (.)
327.31
200 DMA (.)
331.24
Weekly Range (.)
321.60
341.55
Monthly Range (.)
312.00
341.55
52 Weeks Range (.)
286.30
385.00
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