BSE Code: | NSE Code: | ISIN: | Sector:
Research Report Detail
|Report Date||Call||Price@Call||Target Price
|Current Status||Time Horizon|
|Target Hit|| Long (1Y)
Dynamic Levels initiates DCM Shriram with buy
DCM Shriram's net profit and return on equity is increasing every year. Its EBITDA increased 21 per cent to RS 544 crore in FY16. However, company's debt has also increased to Rs 1,057 crore as of March 31, 2016 against Rs 688 crore last year. We expect 33 per cent upside in the stock.