Wheels India Ltd
WHEELS

1,171.05

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1,179.90

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Accumulate
Reco. Price
Rs 1257.00

Last updated on 19-Nov-2016

We recommend ACCUMULATE on account of improved outlook of farming equipment and growth in logistics businesses. This will lead to demand for the wheels used in HCV, farm vehicles and LCV. Further, growth in construction sector will boost demand for off-road construction vehicle wheels. The stock trades at ~26x FY17E P/E. (Target: Rs 1300)
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50 DMA (.)
1,260.80
100 DMA (.)
1,250.51
200 DMA (.)
1,114.80
Weekly Range (.)
1,171.05
1,217.50
Monthly Range (.)
1,120.15
1,365.00
52 Weeks Range (.)
763.50
1,419.00
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