Venky's (India) Ltd. share price target and research reports

Name: Latest research reports of Venky's (India) Ltd. authored by Kotak Securities and published by - Trendlyne research reports.
Item: Venky's (India) Ltd.
Rating: 1
Author: Kotak Securities

Latest analyst research reports with target prices and PDF download for VENKEYS, BSE:523261 Venky's (India) Ltd.

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Venky's (India) Ltd.

11 Apr 2018

1449.10

1.10%

Venkys

Sell: Venky's (India) Ltd.

Kotak Securities

Venky's stock has now run up 216% since we initiated coverage (July, 2017) on the stock. In the last three months, the stock has appreciated 85%, as strong earnings performance in recent quarters has led to better perception among investors, aiding a re-rating. In our last update (March, 2018), we had noted signs of weakening poultry prices. Over the last month, decline in poultry prices has been sharper (more than 20% decline y/y), which is likely to affect near-term performance of the stock negatively. Moreover, industry sources indicate that there may be an excess supply in...