Veto Switchgears & Cables Ltd
VETO

136.65

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136.40

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Buy
Reco. Price
Rs 135.00

Last updated on 05-Jan-2017

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 11.1x P/E on FY17E earnings. (Target Price: Rs.151).
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50 DMA (.)
135.35
100 DMA (.)
138.11
200 DMA (.)
128.50
Weekly Range (.)
135.10
139.00
Monthly Range (.)
124.00
144.00
52 Weeks Range (.)
85.15
175.00
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