Solar Industries India Ltd
SOLARINDS

801.60

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801.20

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Buy
Reco. Price
Rs 826.30
We recommend BUY on the stock considering revival of mining and infrastructure activities and defence procurement. Due to this, we expect company to clock revenue growth of ~15% CAGR over FY16-18E. The stock is trading at a P/E of 32.5x on FY18E earnings. (Target – Rs.931)
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50 DMA (.)
761.54
100 DMA (.)
726.41
200 DMA (.)
690.03
Weekly Range (.)
795.05
825.00
Monthly Range (.)
747.00
915.00
52 Weeks Range (.)
588.00
915.00
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