Menon Bearings Ltd. share price target and research reports

Name: Latest research reports of Menon Bearings Ltd. authored by Karvy and published by - Trendlyne research reports.
Item: Menon Bearings Ltd.
Rating: 5
Author: Karvy

Latest analyst research reports with target prices and PDF download for MENONBE, BSE:523828 Menon Bearings Ltd.

Menon Bearings Ltd.

02 Mar 2016

127.80

-2.02%

Menon Bearings Ltd: Riding Along with Automotives Growth (Mar 02, 2016)

Buy: Menon Bearings Ltd.

Karvy

Surge in auto & auto components sales & uptick in industrial activity to up revenue by 10.3% for FY15-FY18E: With automotive industry estimated to grow at a CAGR of 10.1% for FY15-FY17E coupled with auto components industry expected to record a CAGR of 24.5% to reach a high of $115Bn by FY20E from the current levels of $38.5 Bn combined With IIP & core sector growth, finally exhibiting signs of recovery on the back of strong macro-economic factors. Menon bearings, having a near perfect correlation with auto sales & IIP growth, is well poised to grow at a CAGR of 10.3% for FY15-FY18E.

Menon Bearings Ltd.'s price crossed below 50Day SMA today

Is Menon Bearings Ltd. worth buying?

84 Votes:

Buy 76.19%

Sell 14.29%

Hold 9.52%