According to many experts Panacea is among the leading fillers of vaccines in our country.In the past they have had a bad time w debt etc but their turnaround might be just around the corner. Rumour has it Dr. Reddy's will utilise them for filling of the Sputnik V for India and the rest of the world which could be a major major opportunity over the next 12 months with clear earnings visibility.
The stock did shoot up a couple days back but then is pulling back. IF the stock does bounce from 207 we could start accumulating the stock speculatively with the hope of a tieup with Dr. Reddys for the vaccine.
Watch this space over the next 2 months because many interesting things could be happening in this space. (No rush to take a major position yet). Just a tracker esp if it bounces off 207.
weekly resistance break now (263-265) and today retest done , where should be the next target
Shankarshanmuga
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I think speculations are clear now with Suptnik.. What is your view now.
Will it go up or already priced in? Your thoughts.
rdkriplani
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@Shankarshanmuga, Let things settle a little..and form a base..and then. i think its worth a buy..if you see the long term chart..if it reaches 367 its a 13 year cup and handle formation.. which if it breaks out would be SUPER BULLISH.