Mahindra CIE Automotive Ltd
MAHINDCIE

190.45

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189.80

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Reco. Price
Rs 193.00

Last updated on 22-Sep-2016

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 ~21x CY16E P/E multiple. (Target: Rs 210)
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50 DMA (.)
183.40
100 DMA (.)
186.84
200 DMA (.)
200.29
Weekly Range (.)
188.80
196.95
Monthly Range (.)
172.00
203.90
52 Weeks Range (.)
156.30
279.85
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