Price action is trading in declining channel... The price has reached and reverted sharply from lower band of declining channel.... Sun pharma is India's largest pharma company and is down almost 200% from its life time high.... SO go and get real gold at very cheap price... Would you?
This is my third post on Auorobindo. Refer and for previous posts. Last time I reviewed the stock it was hovering below 600 levels. The situation has improved a lot since then. As I stated in my first post that 580 would be a key level for the stock, the stock tested this level once and bounced higher to 617. Then it retraced where I posted a base building...
Company makes Gelatin capsules and has a good clientele. PE - 16.51 ROE - 18.31% EV/EBITDA - 7.7 YoY profits last quarter - 12 % PEG : 0.45 Seems like a company with very good fundamentals at the point of inflection. Thoughts please?
The chart of CNXPharma suggest it ll move downwards and take most of the pharma share down.