Mcleod Russel India Ltd
MCLEODRUSS

166.85

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166.60

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Reco. Price
Rs 170.00
We recommend ACCUMULATE on the stock on account of increase in production led by improved weather conditions in FY17E. Also acquisition of Pfunda Tea Company will be a trigger for its future growth. We target stock to trade at a EV/Sales of 1.42x in FY17E. (Target Price: Rs.185)
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50 DMA (.)
163.61
100 DMA (.)
156.79
200 DMA (.)
172.38
Weekly Range (.)
162.00
173.25
Monthly Range (.)
160.25
179.75
52 Weeks Range (.)
137.50
219.70
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