S H Kelkar & Company Ltd
SHK

298.10

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Turnover (lac)
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Day's Vol.(shares)

298.25

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Accumulate
Reco. Price
Rs 284.00

Last updated on 18-Nov-2016

We recommend an ACCUMULATE due to aggressive expansion in Flavour segment to achieve 10% market share by FY18E. Additionally, it has leadership position in niche industry with strong growth product portfolio -SHK, Keva and Cobra. Stock trades at premium valuation of ~41.4x PE on FY17E. (Target price – Rs 310)
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50 DMA (.)
301.94
100 DMA (.)
288.33
200 DMA (.)
257.99
Weekly Range (.)
286.35
308.00
Monthly Range (.)
268.00
322.40
52 Weeks Range (.)
205.00
354.85
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