Sona Koyo Steering Systems Ltd
SONASTEER

82.40

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82.75

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Rs 82.00
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 38x FY17E. (Target Price-Rs.77)
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50 DMA (.)
82.09
100 DMA (.)
74.98
200 DMA (.)
67.61
Weekly Range (.)
82.10
83.75
Monthly Range (.)
81.45
85.55
52 Weeks Range (.)
43.60
89.95
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