Swaraj Engines Ltd
SWARAJENG

1,456.05

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

1,431.00

Open ()
Turnover (lac)
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Reco. Price
Rs 1390.00
We recommend accumulate on account of upbeat monsoons and capacity expansion. This will be backed by better credit facilities to farmers and underpenetrated domestic tractor market. Overall agriculture production pickup is the key growth driver. The stock trades at ~17x FY17E P/E. (Target: Rs 1473)
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50 DMA (.)
1,390.81
100 DMA (.)
1,365.01
200 DMA (.)
1,282.71
Weekly Range (.)
1,365.00
1,498.40
Monthly Range (.)
1,316.00
1,498.40
52 Weeks Range (.)
842.00
1,498.40
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