Monnet Ispat & Energy Ltd
MONNETISPA

22.00

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

22.15

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Reduce
Reco. Price
Rs 22.20

Last updated on 02-Dec-2016

We recommend REDUCE on the stock despite revenue improvement due to significant operational and financial risks. The flux in ownership situation is also expected to continue in this fiscal. The stock is currently trading at an FY17E Price/Sales of 0.2x. (Target Price - Rs. 20)
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50 DMA (.)
23.33
100 DMA (.)
23.70
200 DMA (.)
23.42
Weekly Range (.)
21.70
23.25
Monthly Range (.)
19.55
28.70
52 Weeks Range (.)
19.25
37.00
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