Lakshmi Machine Works Ltd
LAXMIMACH

3,899.25

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3,918.25

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Buy
Reco. Price
Rs 3856.50

Last updated on 02-Dec-2016

We recommend a BUY on the stock as we expect PAT growth to improve to 9% over FY16-18E. This is expected to be driven by continued traction in the textile machinery segment. The stock is currently trading at a P/E of 17.5x and EV/EBITDA of 7.8x on FY17E earnings. (Target Price = Rs 4387.2)
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50 DMA (.)
4,119.32
100 DMA (.)
4,037.85
200 DMA (.)
3,740.11
Weekly Range (.)
3,820.00
3,980.00
Monthly Range (.)
3,609.80
4,199.00
52 Weeks Range (.)
2,934.50
4,702.80
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