Kamdhenu Ltd
KAMDHENU

88.40

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88.45

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Accumulate
Reco. Price
Rs 90.60
We recommend an ACCUMULATE on the stock based on recovery in the steel business. The paints segment is also expected to continue its growth trajectory driven by marketing push and capacity addition. However, we expect upside to be limited as 17.03x FY18E P/E is at the higher end of its five-year range. (Target Price -Rs.98.3)
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50 DMA (.)
91.55
100 DMA (.)
82.77
200 DMA (.)
71.37
Weekly Range (.)
86.40
93.00
Monthly Range (.)
84.05
95.00
52 Weeks Range (.)
44.00
104.15
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