Shilpa Medicare Ltd
SHILPAMED

638.50

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

639.00

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Accumulate
Reco. Price
Rs 655.00

Last updated on 02-Dec-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 40x in FY17E. (Target Price: Rs.695)
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50 DMA (.)
591.77
100 DMA (.)
576.21
200 DMA (.)
518.89
Weekly Range (.)
623.05
663.95
Monthly Range (.)
539.20
687.00
52 Weeks Range (.)
355.00
687.00
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