Shakti Pumps (India) Ltd
SHAKTIPUMP

141.80

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

142.80

Open ()
Turnover (lac)
Prev. Close ()
Day's Vol.(shares)
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Buy
Reco. Price
Rs 127.50

Last updated on 02-Dec-2016

We recommend BUY on the stock based on better demand prospects on the back of good monsoon and widening of distribution network. Price increase, higher utilization and traction in solar pumps are expected to improve margin by 670bps in FY17E. We see strong upside potential on FY17E P/E of 23.2x. (Target Price -Rs. 147.9)
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50 DMA (.)
130.30
100 DMA (.)
135.19
200 DMA (.)
143.30
Weekly Range (.)
121.25
153.25
Monthly Range (.)
104.10
153.25
52 Weeks Range (.)
95.15
184.00
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