Sharda Cropchem Ltd
SHARDACROP

518.65

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

517.20

Open ()
Turnover (lac)
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Buy
Reco. Price
Rs 504.10
We recommend BUY owing to the expected growth in European market on the back of spike in new registrations. Additionally, patents at the peak of its cycle provides for the growth in generic business. The stock is trading at P/E of 22.7x on FY18E earnings. (Target Price– Rs.555)
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50 DMA (.)
477.56
100 DMA (.)
468.08
200 DMA (.)
428.02
Weekly Range (.)
484.05
526.70
Monthly Range (.)
455.05
526.70
52 Weeks Range (.)
259.25
526.70
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