Veto Switchgears & Cables Ltd
VETO

134.65

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134.00

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Buy
Reco. Price
Rs 133.50

Last updated on 07-Dec-2016

We recommend BUY as revenue from Dubai subsidiary and new export plant at Rajasthan will drive top-line by 53% in FY17E. Additionally, expansion of dealer network outside Rajasthan is expected to drive sales. Stock is currently trading at attractive valuation of 11x P/E on FY17E earnings. (Target Price: Rs.149).
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50 DMA (.)
146.74
100 DMA (.)
138.33
200 DMA (.)
123.64
Weekly Range (.)
130.05
136.00
Monthly Range (.)
126.50
161.95
52 Weeks Range (.)
85.15
175.00
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