Waterbase Ltd
WATERBASE

86.40

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Accumulate
Reco. Price
Rs 86.70

Last updated on 02-Dec-2016

We recommend an ACCUMULATE as we expect capacity expansion due to acquisition of Pinnae Feeds will drive top line. Additionally, introduction of new variant of existing product line is expected to enhance demand. Stock is currently trading at rich valuation of FY17E P/E of 16x. (Target Price – Rs.95)
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50 DMA (.)
102.31
100 DMA (.)
104.93
200 DMA (.)
95.63
Weekly Range (.)
85.00
90.90
Monthly Range (.)
80.00
106.70
52 Weeks Range (.)
60.60
127.75
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