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SHAKTIPUMP Share Price Target
Shakti Pumps (India) Ltd.
Sector: Engineering
Sector: Engineering
SHAKTIPUMP Share Price *
310.3 +7.3 (2.41%)
* (quote may be delayed)
SHAKTIPUMP Share Price Forecast - Consensus
| No. of reports in last year | 1 |
| No. of analysts | 1 |
| Average Consensus Forecast | 465.00 |
| Consensus Potential | 34.84% |
SHAKTIPUMP Share Price Target - Broker Reports - 2019
Arihant Capital Markets
15-May-19
Price @ Call: 409.05
Target: 465
ACCUMULATE
At CMP of Rs 405, Shakti Pumps is trading at FY20E and FY21E, P/E multiples of 13.3x and 10.5x respectively. After factoring in Q4FY19 results we have revised our estimates upward, however we have reduced our target P/E to 12x from 15x earlier to factor in the overall macro slowdown and uncertainty on new government which will be slow in decision making in its initialmonths. At 12x FY21E earnings Shakti Pumps’ fair value comes at Rs 465 per share. We have an Accumulate rating on the stock, with revised target price of Rs 465, giving an upside of 14.8%.
SHAKTIPUMP Share Price Target - Broker Reports - 2018
Arihant Capital Markets
31-Aug-18
Price @ Call: 428.6
Target: 651
BUY
Indiabulls Ventures
11-Apr-18
Price @ Call: 651.5
Target: 900
BUY