Wednesday, April 4, 2018

What Promoters are Buying in Indian Equity Market on 04.04.2018

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GNA Axles Ltd ( GNA ) : FY-2020 Earnings are fully Priced


GNA closed at 474.40 with a Gain of +4% on 04-April-2018. It is now Trading at 2.7X   EPV (  Earnings Power Value ) of its Dec 2017 Earnings . We have estimated its PAT for FY 2020 is 66Cr, based on which its EPV comes at 421.1, which is 1.1X to its  current Market Price.
GNA is going for CapEx of 135.5 Cr spreading for the year next 3 years, which will affect its profitability.
Disclaimer : We are / may going to take exposure shortly.
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