Mahindra CIE Automotive Ltd
MAHINDCIE

199.60

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Turnover (lac)
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199.75

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Accumulate
Reco. Price
Rs 205.00
We recommend accumulate on account of smooth restructuring and newer domestic clients. This will be backed by Phase 2 restructuring and diversification of OEM clients. The stock trades at ~20.6x CY16E P/E multiple. (Target: Rs 220)
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50 DMA (.)
200.01
100 DMA (.)
193.38
200 DMA (.)
190.19
Weekly Range (.)
199.00
214.80
Monthly Range (.)
197.75
214.90
52 Weeks Range (.)
168.35
221.50
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