S H Kelkar and Company Ltd

Stage 3 · Topping · week 1

As of 16 Oct 2026, S H Kelkar and Company is in Stage 3 — topping, where an uptrend loses steam, in its first week (since 14 Oct 2026). It closed at ₹139, 38.8% below its 52-week high and below its 200-day average, which is falling. In Materials, 34.1% of stocks are in Stage 2.

S H Kelkar and Company Limited, together with its subsidiaries, manufactures and supplies fragrances, flavors, and aroma ingredients in India. More about the company

₹138.8
+2.19% today
₹1,921 Cr · Small cap
Market Neutral — FadingMaterials 34.1% in Stage 2-2.9 pts / 20dSpecialty Chemicals 44.9%-3.4 pts

Pro read

Pro

Our read

Topping — the uptrend is tiring

Setup score

—

Momentum

Steady

Edge

—

Is SHK early, or has it already run? Pro answers that for every NSE stock, after every close.

₹2,999 · 12 months₹1,999 · 6 months
Loading price chart…
vs 52W High
-38.8%
₹112.3 lo₹226.7 hi
38.8% below 52W high — weakening from peak
Stock is rolling over from its 52W high. Stage 3 distribution — new longs are high risk here.
Stage Maturity
Week 1
1w13w26w
Week 1 — early distribution
How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.
vs 200 DMA
-4.4%
200 DMA: ₹145.2 · sloping down
Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.
Rel Volume
0.37x
vs 50-day avg
Volume spikes on down days during Stage 3 signal distribution — institutions are exiting. A clear warning to avoid new longs.
Trend Health
↓
MA20 rolling over · -1.8% vs MA50 -1.5%
Two-layer momentum read: the glyph shows whether the 20-day MA is rising (↑/↗), flat (→), or rolling over (↓). The ⇈ flag fires when the 20-day MA is pulling away from the 50-day MA — short-term momentum building on top of the longer trend. Best when both glyphs agree.
1M
+4.0%
3M
+8.3%
6M
-3.7%
YTD
-20.9%
1Y
-38.3%
Sector
Materials
↓ Peaking
Stage 2%
34.1%
20d Δ
-2.9pp
1M return
-1.6%
3M return
-2.6%
Sector Stage-2 % · last 20 days
Sector has 153 Stage 2 leaders. See Materials Stage 2 →
Industry
Specialty Chemicals
↓ Peaking
Stage 2%
44.9%
20d Δ
-3.4pp
1M return
+0.5%
3M return
+9.2%
Industry Stage-2 % · last 20 days
Industry has 39 Stage 2 leaders. See Specialty Chemicals Stage 2 →
Stage Cycle Timeline2023-07-20 → 2026-10-16
S2 19w
S2 17w
S4 29w
2023-07-202026-10-16
S1S2S3S4Setup score (0–10, dashed line at 5)
S1 4w → S2 12w → S3 8w → S2 19w → S3 13w → S2 17w → S3 8w → S4 13w → S1 10w → S2 5w → S3 3w → S2 4w → S3 6w → S4 29w → S1 3w → S4 4w → S1 5w → S2 5w → S3 1w current
Total tracked: 168 weeks across 19 stage runs.
Scan Membership
Breakout Watch
Latest: 2026-09-07
5 appearances in last 60 days. First seen: 2024-01-09.
A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding — staying power in the scan says more about the trend than any single appearance.
Recent Stage Timeline
2026-10-16S3
Wk 1 · Vol 0.37x
2026-10-15S3
Wk 1 · Vol 0.52x
2026-10-14S32→3
Wk 1 · Vol 0.42x
2026-10-13S2
Wk 5 · Vol 0.50x
2026-10-12S2
Wk 5 · Vol 0.38x
2026-10-09S2
Wk 5 · Vol 0.22x
2026-10-08S2
Wk 5 · Vol 0.72x
2026-10-07S2
Wk 5 · Vol 0.23x
2026-10-06S2
Wk 4 · Vol 0.71x
2026-10-05S2
Wk 4 · Vol 0.24x
2026-10-01S2
Wk 4 · Vol 0.25x
2026-09-30S2
Wk 4 · Vol 0.19x
Sector Peers — Stage 2All →
OCCLLTD
wk 17 · -16.3% from hi
9.0
MUKANDLTD
wk 21 · -7.5% from hi
8.9
SUNFLAG
wk 3 · -9.3% from hi
8.8
CUBEXTUB
wk 2 · 0.0% from hi
8.7
NRL
wk 17 · 0.0% from hi
8.6
Moving averages & range
50 DMA
₹148.5
200 DMA
₹145.2
52W High
₹226.7
52W Low
₹112.3
5D Low
₹135.8
Resistance levels (recent highs)
20d High
₹144.5
60d High
₹173.7
120d High
₹173.7
250d High
₹226.7
Next resistance
+4.1%
to 20d High
Ask the Market AI about SHKAsk →
P/E (TTM)
26.9
Forward 13.6
Earnings Growth (YoY)
-98.2%
Revenue +13.8%
ROE
+5.2%
Profit margin +2.9%
Dividend Yield
1.49%
P/B 1.4
About this companyMaterials· Specialty Chemicals

S H Kelkar and Company Limited, together with its subsidiaries, manufactures and supplies fragrances, flavors, and aroma ingredients in India. Its fragrances are used in personal care, fabric care, skin care, hair care, fine fragrances, and home care products, as well as flavors are used in baked, dairy, beverages, savoury, and pharmaceutical products. The company is also involved in microbiology, biotechnology, cosmetic, custom synthesis, and cosmetic biotechnology research services. S H Kelkar and Company Limited markets its products under the SHK, Cobra, CFF, and Keva brand names to national and multi-national FMCG companies, blenders of fragrances and flavors, and its producers. The company exports its products. S H Kelkar and Company Limited was founded in 1922 and is based in Mumbai, India.

Visit company website →

All analytics based on EOD data. Data as of 2026-10-16. Past data patterns are not indicative of future results. This page is a data analytics tool only.