Tube Investments of India Ltd
TUBEINVEST

675.10

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680.60

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Accumulate
Reco. Price
Rs 691.50
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 ~10x FY17E P/E multiple. (Target Price - Rs.740)
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50 DMA (.)
632.98
100 DMA (.)
606.37
200 DMA (.)
592.50
Weekly Range (.)
673.00
706.00
Monthly Range (.)
600.00
729.70
52 Weeks Range (.)
405.25
729.70
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