Shilpa Medicare Ltd
SHILPAMED

708.85

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708.90

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Reco. Price
Rs 714.00
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. The stock is trading at a P/E of 43.6x in FY17E. (Target Price- Rs.765)
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50 DMA (.)
661.08
100 DMA (.)
677.84
200 DMA (.)
622.85
Weekly Range (.)
689.00
730.00
Monthly Range (.)
606.95
749.90
52 Weeks Range (.)
435.05
786.90
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