India's S H Kelkar extends post-results rally; Kotak raises FY27 earnings view
BUZZ-India's S H Kelkar extends post-results rally; Kotak raises FY27 earnings view ** Industrial perfumes maker S H Kelkar and Company's shares SHKE.NS rise as much as 4% to 169.98 rupees, their highest in more than five months
** Since posting a 78% year-on-year jump in consolidated net profit in the June quarter, after market hours on Tuesday, SHKE has gained 17% in two sessions
** Kotak Institutional Equities says SHKE's results show sharp improvement in revenue from the flavor segment; reiterates "buy" rating
** Raises financial year 2027 operating profit expectations by 11.3%, citing management's projection to deliver double-digit revenue growth
** "Guidance reveals a more positive tone compared to the March quarter, when management was more cautious due to the Middle East conflict," says Kotak
** SHKE down 6.6% in 2026 so far, according to exchange data
(Reporting by Bharath Rajeswaran in Bengaluru)
((bharath.rajeswaran@thomsonreuters.com; +91 9769003463;))
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