Renaissance Jewellery Ltd
RJL

127.80

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129.95

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Accumulate
Reco. Price
Rs 129.40

Last updated on 18-Nov-2016

We recommend an Accumulate on the stock. We expect festive domestic and overseas demand will boost revenues. This will be driven by forging contracts with ecommerce portals. Stock is trading at an attractively P/E of 2.9x FY17E. (Target Price– Rs.140)
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50 DMA (.)
139.96
100 DMA (.)
136.68
200 DMA (.)
132.60
Weekly Range (.)
125.55
139.90
Monthly Range (.)
122.55
163.85
52 Weeks Range (.)
103.80
184.25
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