Sarda Energy & Minerals Ltd
SARDAEN

246.65

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Day's Vol.(shares)

246.20

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Accumulate
Reco. Price
Rs 245.10
We recommend an 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, we see limited upside at FY17E forward P/E of 18.3x. (Target Price -Rs. 265.8)
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50 DMA (.)
240.83
100 DMA (.)
237.16
200 DMA (.)
187.28
Weekly Range (.)
245.10
260.00
Monthly Range (.)
228.60
265.00
52 Weeks Range (.)
75.50
296.20
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