Dhanuka Agritech Ltd
DHANUKA

879.90

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878.00

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Accumulate
Reco. Price
Rs 803.70
We recommend 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 24.3x on FY18E earnings. (Target Price - Rs.870.2)
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50 DMA (.)
792.45
100 DMA (.)
762.46
200 DMA (.)
719.68
Weekly Range (.)
802.00
929.50
Monthly Range (.)
764.10
929.50
52 Weeks Range (.)
553.20
929.50
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