Shilpi Cable Technologies Ltd
SHILPI

213.55

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

212.40

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Buy
Reco. Price
Rs 215.00
We recommend BUY on account of increase in demand for products from expected spectrum auction and 4G roll-outs. Additionally, commencement of Abu Dhabi plant for production of copper products is expected to improve bottom-line. Company is trading at valuation of 10.7x P/E on FY18E earnings. (Target Price - Rs.241)
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50 DMA (.)
222.54
100 DMA (.)
209.84
200 DMA (.)
196.41
Weekly Range (.)
212.00
218.85
Monthly Range (.)
212.00
229.50
52 Weeks Range (.)
50.40
238.85
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