Setco Automotive Ltd
SETCO

42.85

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42.90

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Buy
Reco. Price
Rs 37.00
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 ~18.7x on FY17E earnings. (Target Price – Rs 42)
Detailed View
50 DMA (.)
36.93
100 DMA (.)
36.94
200 DMA (.)
40.46
Weekly Range (.)
40.25
45.70
Monthly Range (.)
33.70
46.90
52 Weeks Range (.)
33.30
55.05
Detailed Chart
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