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|Summary||Date||Stock||Broker||Price at Reco.||Target||Price at reco|
Change since reco(%)
|2018-04-11||Venky's (India) Ltd.||Kotak Securities||4467.20||3700.00||4467.20 (-71.11%)||Target met||Sell|
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...
|2017-05-08||Venky's (India) Ltd.||Dynamic Levels||1288.05||1600.00||1288.05 (0.18%)||Target met||Buy|