SH Kelkar
Price range of 141.15 - 142.10 is crucial one can initate the trade on a long side only if the price goes above 142.10 and sustains for 2-3 trading days.
Currently the range of 141-142 is acting as strong resistance
Target 1: 163/165
Target 2: 170/172
Target 3: 183++
S H Kelkar OVerview:
Sector : chemicals
Business: One of the india's largest player that manufactures fragrance related chemical/side-products.
Fragrance portfolio of the company
Personal care, hair care, skincare & cosmetic, household products , fine fragrance.
Major clients: Most of the big FMCG players >> hindustan Unilever, marico, godrej consumer, Vini cosmetics, J.K. helen curtis, Britannia, vadilal, dabur, coca cola.
The company has a licence of International Fragrance Association (IRFA)
Positives
Management of the company has changed in 2016-17 which is young.
Kedar Vaze (CEO), himself a chemical engineer from IIT-B and has few patents on his name.
Recently company has started to acquire small companies that are into same business.
Company has completed buyback at a price of 210
(Buyback means company is buying shares of it's own company)
Fundamentals:
Industry p/e 23.6
Sh kelkar P/e : 12.0
This means the stock has the potential to get doubled from here.
Currently the range of 141-142 is acting as strong resistance
Target 1: 163/165
Target 2: 170/172
Target 3: 183++
S H Kelkar OVerview:
Sector : chemicals
Business: One of the india's largest player that manufactures fragrance related chemical/side-products.
Fragrance portfolio of the company
Personal care, hair care, skincare & cosmetic, household products , fine fragrance.
Major clients: Most of the big FMCG players >> hindustan Unilever, marico, godrej consumer, Vini cosmetics, J.K. helen curtis, Britannia, vadilal, dabur, coca cola.
The company has a licence of International Fragrance Association (IRFA)
Positives
Management of the company has changed in 2016-17 which is young.
Kedar Vaze (CEO), himself a chemical engineer from IIT-B and has few patents on his name.
Recently company has started to acquire small companies that are into same business.
Company has completed buyback at a price of 210
(Buyback means company is buying shares of it's own company)
Fundamentals:
Industry p/e 23.6
Sh kelkar P/e : 12.0
This means the stock has the potential to get doubled from here.
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