Sona Koyo Steering Systems Ltd
SONASTEER

81.75

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81.70

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Reco. Price
Rs 81.00
We recommend REDUCE on the stock due to poor financial performance. Passenger vehicles industry has been showing signs of improvement since H2FY16; however, company’s performance does not reflect the same. The stock is trading at a PE of 37x FY17E. (Target Price-Rs.76)
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50 DMA (.)
79.88
100 DMA (.)
69.84
200 DMA (.)
64.39
Weekly Range (.)
80.90
82.10
Monthly Range (.)
80.90
82.65
52 Weeks Range (.)
43.60
89.95
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