Fundamentals- 1)One of the extremely well managed company in pharma-space which should be a part of our portfolio. 2)Aggressive expansions. 3)Excellent sales/growth/profit figures on YOY basis. 4)Manageable debt.
Technicals- 1)Critical support at 1420
CMP-1461(20th Feb'2017) 1st target-1510(2 months) Long term target 1700-1800 (8-10 months)
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Pharmeceutical sector is going through lots of USFDA downgrades but the earnings and profit of this large cap bluechip are still intact. My opinion is a BUY for long term and this stock can be accumulated for gains.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.