Ajanta Pharma LtdDate 08.03.2025
Ajanta Pharma
Timeframe : Day Chart
Technical Remarks :
1 Currently under wave 4 as corrective wave/phase
2 Wave 2 correction was lower retracement & wave 3 was extended therefore, wave 4 corrective phase could be deeper as behaviour of wave/s
3 Formed death crossover with 20 ema & 200 ema, bearish crossover
5 At 38%, 2379 is very critical zone, if slips below it then no bottom fishing or averaging below it
Some Key Highlights about Company :
1 PE at 35 II ROCE at 31% II Book value 294 II OPM at 28%
2 Company is almost debt free.
3 Stock is trading at 8.71 times its book value
4 Promoter holding has decreased over last 3 years: -4.08%
5 FII = 9.26%, DII = 17.2%, promoter = 66.26% & Public = 7.45% (holding pattern)
Regards,
Ankur