Somany Ceramics Ltd
SOMANYCERA

484.45

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

486.80

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Accumulate
Reco. Price
Rs 636.70

Last updated on 05-Dec-2016

We recommend an ACCUMULATE based on capacity expansion and government’s protectionist measures to support domestic ceramic industry. This combined with cost reduction due to lower fuel prices is expected to boost earnings. The stock is currently trading at FY17E of 30x(Target Price - Rs.674)
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50 DMA (.)
595.41
100 DMA (.)
594.90
200 DMA (.)
514.55
Weekly Range (.)
480.00
539.50
Monthly Range (.)
480.00
665.00
52 Weeks Range (.)
320.00
714.40
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