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tradewithamey_
Aug 17, 2023 11:52 AM

Investment pick- Marksans pharma Long

MARKSANS PHARMA LTDNSE

Description

Monthly chart analysis of Marksans pharma reveals a beautiful cup and handle breakout in the stock.
We have seen an ATH breakout already and a consolidation/retracement is bound to happen.
The stock is looking strong for multibagger returns with the best buy level for a positional trade is the range of 95-105

Keep this stock in your watchlist. For investment, stock can be added at CMP as well with buy on dips strategy.

Stock fundamentals:
Category-Midcap
Sector-Pharma
Industry-Pharma(Bulk drugs)
10 Year compounded profit growth:- 19%

Ratios at CMP:-
Stock PE:-19 ; Ind. PE:- 26
Debt to equity:- 0.07 (negligible)
ROCE:- 22%; ROE:-20% ; P/B:- 3.07; PEG:- 0.34

Comment

Stock has made recent low of 100 and now bouncing.
Keep in watchlist

Comment

138 from 100.
This stock will surely be a multibagger

Comment

170 done!
Comments
mehtasahil
So this means it will come down to 95 for breakout retest
tradewithamey_
@mehtasahil can't predict the exact levels buta retest after breakout is always healthy. Current price action suggests stock is on its way to retest
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