Nitin Fire Protection Industries Ltd
NITINFIRE

27.55

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27.50

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Rs 28.80

Last updated on 18-Nov-2016

We recommend reduce as we expect pressure on top-line due to delay in execution of projects. The fixed cost associated with these projects will impact the EBITDA margin. The stock is trading at a reasonable PE valuation of 6.8x FY18E. (Target Price – Rs. 26.5)
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50 DMA (.)
29.43
100 DMA (.)
28.56
200 DMA (.)
30.75
Weekly Range (.)
27.30
29.40
Monthly Range (.)
26.15
35.80
52 Weeks Range (.)
22.90
51.70
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