Shilpa Medicare Ltd
SHILPAMED

623.20

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

620.00

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Accumulate
Reco. Price
Rs 641.00
We recommend an 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 39.1x in FY17E. (Target Price: Rs.680)
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50 DMA (.)
670.61
100 DMA (.)
660.06
200 DMA (.)
605.55
Weekly Range (.)
632.60
646.05
Monthly Range (.)
627.00
655.80
52 Weeks Range (.)
413.20
786.90
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