Shilpa Medicare Ltd
SHILPAMED

537.00

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

530.00

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Accumulate
Reco. Price
Rs 559.20

Last updated on 23-Sep-2016

We recommend ACCUMULATE on the stock on account of revenue growth due to new USFDA approvals. Also USFDA clearance for 2 of its manufacturing facilities will benefit the company. We target stock to trade at a P/E of 35x in FY17E. (Target Price: Rs.572)
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50 DMA (.)
558.57
100 DMA (.)
524.74
200 DMA (.)
484.45
Weekly Range (.)
517.00
579.90
Monthly Range (.)
517.00
579.90
52 Weeks Range (.)
355.00
612.90
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