Setco Automotive Ltd
SETCO

37.75

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Day's Vol.(shares)

37.60

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Buy
Reco. Price
Rs 37.00

Last updated on 09-Jan-2017

We recommend BUY on the stock on the back of revival in M&HCV segment sales volume. Backward integration is expected to improve EBITDA margins. Stock is trading at a P/E of ~17.4x on FY17E earnings. (Target Price – Rs 43)
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50 DMA (.)
37.48
100 DMA (.)
40.51
200 DMA (.)
0.00
Weekly Range (.)
36.50
38.45
Monthly Range (.)
34.50
40.20
52 Weeks Range (.)
34.00
55.05
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