MT Educare Ltd
MTEDUCARE

82.80

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82.95

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Accumulate
Reco. Price
Rs 112.00
We recommend ACCUMULATE on the stock based on launch of Robomate+ App which is expected to drive revenues. Additionally, company’s penetration in North India and Karnataka through coaching tie-ups will further aid revenue. After recent correction, the stock is trading at a P/E of 11.3x FY18E. (Target price: Rs.121)
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50 DMA (.)
110.27
100 DMA (.)
115.33
200 DMA (.)
132.04
Weekly Range (.)
83.30
88.20
Monthly Range (.)
83.30
102.00
52 Weeks Range (.)
82.15
199.90
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