Ingersoll-Rand (India) Ltd
INGERRAND

697.25

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

707.00

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Turnover (lac)
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Accumulate
Reco. Price
Rs 700.80
We recommend an ACCUMULATE on the stock based on revenue growth offsetting the impact of ES business segment discontinuation. We expect traction in coolant and expansion of Naroda facility will improve revenues. However, we see limited upside as the stock is currently trading at a high P/E of 34.6x on FY17E earnings. (Target Price - Rs.752.2)
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50 DMA (.)
675.98
100 DMA (.)
688.24
200 DMA (.)
699.08
Weekly Range (.)
675.00
710.00
Monthly Range (.)
645.00
714.80
52 Weeks Range (.)
596.50
790.00
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