VTL closes
at ₹ 1248.30 with a Fall of -0.40 %
on 29-May -2018 with formation of
a Red Candle on
Daily Price Chart. Technically , VTL is entering into a Long Term Bullish
Trend. Major Momentum Indicators are showing Strength on Daily
Price Chart. Our NNI index has also turned Positive.
Valuations
: VTL is now Trading at 1.3X of its
March 2017 Valuations ( EPV Method ) .
RoE is 24% while RoCE is 16%, which is sound.
We may BUY / Accumulate VTL at CMP
Target : ₹ 2811
Stop: Loss : ₹ Nil ( VTL’s 1X EPV is ₹938, Accumulations
at lower levels is advisable )
Time Frame: 24-36 Months
Disclaimer
: We are / may going to take exposure shortly.
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