PHARMA
Buy Aarti Drugs 780-830Waiting for a pullback to enter this stock
Technical: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs. The stock broke out of a 5 year high with extremely high volume which is seen after 5 years. it's a good sign. on the daily chart, you will see up days are on higher volume and down days are on lower volume plus there are more green bars than red bars
Fundamental:
This stock shows pretty okay sales and profit growth.
5 years of sales growth - 8.4%
5 years of profit growth - 6.3
Margins are 15%, near an all-time high of 16%, %, If the margins sustain or go higher we can see higher profits and further price appreciation
TTM earnings up 56%
AUROBINDO PHARMA LONGThe stock has recovered sharply and has found support at the pre-virus high point. It has also been in consolidation for the past few days, and may continue on it's upward trend this week. Keep an eye on the stock. The support level is at 610-615 zone. Expecting a breakout above 650 this week.
Pharma sector has been a strong performer in this crash and will continue to do so with the extension of the lockdown in India.
Any comments or suggestions about ideas are more than welcome. :)
Buy Astec on pullback. Pilot position at 532I took a pilot position at 532and I will be looking to add at minor corrections
Technical: stock quickly recovered from recent COVID-19 crash lows. It held 2019 lows and surged higher very quickly to make new highs. it has clocked the highest volume since 2017 and it's pretty close to its all tie high. The volume on up days are higher than the volume on down days. there are more green bars than the red bars.
Fundamental:
This stock shows excellent sales and profit growth.
5 years of sales growth - 15.8%
5 years of profit growth - 31.38%
Margins have been sliding for the past 4-5 years however if they work on it, the profits can scale up.
Debt is down by 43% since last year, its a good sign.
TTM earnings up 41%