Somany Ceramics Ltd
SOMANYCERA

562.55

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552.20

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Accumulate
Reco. Price
Rs 525.50
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 FY18E of 20x(Target Price - Rs.568)
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50 DMA (.)
510.00
100 DMA (.)
563.22
200 DMA (.)
537.57
Weekly Range (.)
513.15
580.45
Monthly Range (.)
470.05
580.45
52 Weeks Range (.)
320.00
714.40
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