Dhanuka Agritech Ltd
DHANUKA

756.95

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757.00

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Accumulate
Reco. Price
Rs 767.00

Last updated on 17-Jan-2017

We recommend an ACCUMULATE on the stock considering better demand prospects and increased penetration aided by normal monsoons. Additionally, increase of pesticides and fungicides given the current low per capita consumption is expected to drive top-line. The stock is currently trading at P/E of 23.5x on FY18E earnings. (Target Price - Rs.831)
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50 DMA (.)
723.04
100 DMA (.)
704.94
200 DMA (.)
670.99
Weekly Range (.)
753.75
791.80
Monthly Range (.)
700.00
798.00
52 Weeks Range (.)
467.55
798.00
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