INEOS Styrolution India Ltd
INEOSSTYRO

748.85

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

750.00

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Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
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Accumulate
Reco. Price
Rs 747.10
We recommend ACCUMULATE on the stock as we expect merger with INEOS to boost its polystyrene business. This is due to better business prospects driven by healthy industrial growth and launch of new products. The stock is trading at a P/E of 29.6x on FY18E earnings. (Target price- Rs.792.09)
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50 DMA (.)
649.68
100 DMA (.)
622.71
200 DMA (.)
613.75
Weekly Range (.)
715.05
790.00
Monthly Range (.)
596.50
790.00
52 Weeks Range (.)
536.55
790.00
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