Sarda Energy & Minerals Ltd
SARDAEN

240.75

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

241.15

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Accumulate
Reco. Price
Rs 244.90
We recommend ACCUMULATE on the stock based on anti-dumping duty and MIP improving the demand and realizations scenario. Due to this we expect EBITDA margin to expand by 230bps. However, the stock is trading with limited upside at FY17E forward P/E of 18.3x. (Target Price- Rs.265.5)
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50 DMA (.)
246.88
100 DMA (.)
239.41
200 DMA (.)
203.47
Weekly Range (.)
239.10
249.55
Monthly Range (.)
238.10
259.85
52 Weeks Range (.)
92.00
296.20
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