MRF Ltd
MRF

58,315.35

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

58,312.25

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

58,615.00

Open ()
Open Interest
(Contracts)
VWAP ()
Day's Vol
(shares)
Detailed Quote

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Accumulate
Reco. Price
Rs 53052.00
We recommend ACCUMULATE on the stock considering OEM volume growth driven by better monsoons and continued traction in replacement. Top line of the company is expected to grow at ~4% CAGR over the period of 2016-2019E. Stock is currently trading at 13.3x FY17E EPS. (Target Price– Rs 56,000)
Detailed View
50 DMA (.)
52,871.28
100 DMA (.)
51,555.41
200 DMA (.)
45,497.62
Weekly Range (.)
55,854.30
60,145.00
Monthly Range (.)
51,086.70
60,145.00
52 Weeks Range (.)
30,101.00
60,145.00
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