S H Kelkar & Company Ltd
SHK

301.40

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)

300.45

Open ()
Turnover (lac)
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Day's Vol.(shares)
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Accumulate
Reco. Price
Rs 296.00

Last updated on 05-Dec-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 ~43x PE on FY17E. (Target price – Rs 323)
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50 DMA (.)
301.44
100 DMA (.)
291.22
200 DMA (.)
259.42
Weekly Range (.)
286.35
306.00
Monthly Range (.)
268.00
315.00
52 Weeks Range (.)
205.00
354.85
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