SKF India Ltd
SKFINDIA

1,488.60

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1,481.25

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Reco. Price
Rs 1486.00
We recommend accumulate on account of diversification in offerings and improved topline visibility. This will be back by demand recovery in 2-wheelers and inroads in rail freight business. Further, it’ll supported by improved demand for value products (pitch, yaw bearings). The stock trades at premium valuations of ~23x FY17E P/E multiples. (Target: Rs 1576)
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50 DMA (.)
1,401.49
100 DMA (.)
1,352.03
200 DMA (.)
1,364.00
Weekly Range (.)
1,466.10
1,508.00
Monthly Range (.)
1,449.00
1,515.05
52 Weeks Range (.)
1,180.10
1,550.00
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