Lakshmi Machine Works Ltd
LAXMIMACH

4,487.80

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4,489.35

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Buy
Reco. Price
Rs 4505.00
We recommend 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 15x on FY18E earnings. (Target Price - Rs.4970)
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50 DMA (.)
4,004.42
100 DMA (.)
3,959.75
200 DMA (.)
3,997.19
Weekly Range (.)
4,465.50
4,747.00
Monthly Range (.)
4,042.00
4,747.00
52 Weeks Range (.)
3,333.20
4,747.00
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