Tube Investments of India Ltd
TUBEINVEST

576.00

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573.05

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Accumulate
Reco. Price
Rs 646.00

Last updated on 19-Nov-2016

We recommend ACCUMULATE on account of improved industry outlook and debt reduction initiatives. This will be supported by debt reduction through insurance business stake sale and capacity expansion. The stock trades ~13x FY17E P/E multiple. (Target: Rs 675)
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50 DMA (.)
611.02
100 DMA (.)
578.64
200 DMA (.)
498.24
Weekly Range (.)
564.85
600.00
Monthly Range (.)
521.70
684.70
52 Weeks Range (.)
351.10
684.70
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