Veto Switchgears & Cables Ltd
VETO

170.65

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Turnover (lac)
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Day's Vol.(shares)

170.20

Open ()
Turnover (lac)
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Detailed Quote

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Buy
Reco. Price
Rs 168.05
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 12.5x P/E on FY18E earnings. (Target Price- Rs.187.92).
Detailed View
50 DMA (.)
145.89
100 DMA (.)
140.80
200 DMA (.)
139.63
Weekly Range (.)
156.45
173.30
Monthly Range (.)
144.65
173.30
52 Weeks Range (.)
91.00
175.00
Detailed Chart
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