IFB Industries Ltd
IFBIND

648.30

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655.45

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Accumulate
Reco. Price
Rs 648.00
We recommend ACCUMULATE as we expect revenue spurt because of expansion in distribution network. Further, the expected rise in export of front-load washing machines and sale of ACs will aid revenue growth. The stock is trading at 33.4x P/E of FY18E earnings. (Target price - Rs.704)
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50 DMA (.)
616.89
100 DMA (.)
549.23
200 DMA (.)
484.23
Weekly Range (.)
623.10
660.50
Monthly Range (.)
597.75
697.00
52 Weeks Range (.)
309.00
697.00
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