Mcleod Russel India Ltd
MCLEODRUSS

180.00

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179.35

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Reco. Price
Rs 179.40
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 1.49x in FY17E. (Target Price: Rs.194)
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50 DMA (.)
171.45
100 DMA (.)
160.26
200 DMA (.)
170.89
Weekly Range (.)
177.80
184.75
Monthly Range (.)
162.10
186.60
52 Weeks Range (.)
137.50
219.70
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