Munjal Showa Ltd
MUNJALSHOW

219.70

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

219.05

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Accumulate
Reco. Price
Rs 226.00
We recommend 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 14x on FY17E earnings. (Target Price- Rs.238)
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50 DMA (.)
208.61
100 DMA (.)
200.11
200 DMA (.)
199.36
Weekly Range (.)
216.00
229.05
Monthly Range (.)
208.85
234.00
52 Weeks Range (.)
165.20
258.70
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