Munjal Showa Ltd
MUNJALSHOW

191.20

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190.85

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Accumulate
Reco. Price
Rs 189.25

Last updated on 05-Dec-2016

We recommend an ACCUMULATE on account of improved industry outlook and cost reduction initiatives. Further, improving automobile demand in urban and semi urban will increase PAT by 8% CAGR of FY16-18E. On standalone basis, stock is trading at a P/E of 11.4x on FY17E earnings. (Target Price-Rs.199.5)
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50 DMA (.)
212.10
100 DMA (.)
199.33
200 DMA (.)
187.51
Weekly Range (.)
187.20
201.65
Monthly Range (.)
178.00
243.00
52 Weeks Range (.)
150.00
258.70
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