Meghmani Organics Ltd
MEGH

37.25

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Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

37.30

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Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
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Buy
Reco. Price
Rs 38.50
We recommend a BUY on this stock as we expect top-line to grow by 15% in FY17E. This will be driven by buoyant demand, better revenue mix and increased capacity utilisation. Currently, stock is trading at 7.1x P/E of FY2017E EPS. (Target – Rs 44.5)
Detailed View
50 DMA (.)
41.08
100 DMA (.)
40.90
200 DMA (.)
42.36
Weekly Range (.)
37.10
38.25
Monthly Range (.)
37.00
40.20
52 Weeks Range (.)
20.00
52.35
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