Veto Switchgears & Cables Ltd
VETO

141.65

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Turnover (lac)
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141.10

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Buy
Reco. Price
Rs 130.00
We recommend BUY as revenue from Dubai subsidiary and new export plant at Rajasthan will drive top-line by 27% CAGR over FY16-18E. Additionally, expansion of dealer network outside Rajasthan is expected to drive sales. The Stock is trading at attractive valuation of 9.6x P/E on FY18E earnings. (Target Price: Rs.144.7).
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50 DMA (.)
137.30
100 DMA (.)
141.61
200 DMA (.)
134.93
Weekly Range (.)
137.05
146.00
Monthly Range (.)
127.00
147.05
52 Weeks Range (.)
85.15
175.00
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