Nandan Denim Ltd
NDL

118.05

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

118.00

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Accumulate
Reco. Price
Rs 117.90
We recommend ACCUMULATE on the stock as we expect PAT growth of 18% in FY17E. This is due to capacity expansion, backward integration and change in product mix. The stock is currently trading at FY17E P/E of 6.9x. (Target Price: Rs.128.5)
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50 DMA (.)
116.75
100 DMA (.)
122.69
200 DMA (.)
129.36
Weekly Range (.)
113.80
122.65
Monthly Range (.)
111.20
132.00
52 Weeks Range (.)
105.00
165.90
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