Fundamentals-
1)A very attractive company in the space of Pharma
2)Growth rate, operating profit is facing multiyear resistance.
3)Net sales, operating profits have improved.
4)A good company to invest in for long term, FII's hold upto 36% stake(Source-BSE)
Technicals-
1)Stock is in resistance zone and if it survives this zone, a good shoot up is expected from current levels.
Keynote-->Its a good stock that can be accumulated at every dip.
Positive News1--> Franklin Templeton holds 21L shares of this company.(Source-BSE India)
Positive News2--> LIC has doubled its holding in 2016 and currently holds 26L shares of this company.(Source-BSE India, Economic times)
CMP-2857(25th Feb'2017)
Stop loss-2832
1st target-3400(6-8 months)
Disclaimer : I am a private Investor/trader who is just expressing his views. These are just my opinions and i am not giving any kind of free or paid calls. I am using this platform to share my knowledge and learn from other's knowledge. I might be/might not be invested in my opinions.
NOTE-->I give preference to the traders/investors who encourage me by commenting and liking my ideas.
1)A very attractive company in the space of Pharma
2)Growth rate, operating profit is facing multiyear resistance.
3)Net sales, operating profits have improved.
4)A good company to invest in for long term, FII's hold upto 36% stake(Source-BSE)
Technicals-
1)Stock is in resistance zone and if it survives this zone, a good shoot up is expected from current levels.
Keynote-->Its a good stock that can be accumulated at every dip.
Positive News1--> Franklin Templeton holds 21L shares of this company.(Source-BSE India)
Positive News2--> LIC has doubled its holding in 2016 and currently holds 26L shares of this company.(Source-BSE India, Economic times)
CMP-2857(25th Feb'2017)
Stop loss-2832
1st target-3400(6-8 months)
Disclaimer : I am a private Investor/trader who is just expressing his views. These are just my opinions and i am not giving any kind of free or paid calls. I am using this platform to share my knowledge and learn from other's knowledge. I might be/might not be invested in my opinions.
NOTE-->I give preference to the traders/investors who encourage me by commenting and liking my ideas.
My opinion is a BUY for long term and this stock can be accumulated for gains