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The scrip has a long term trend line break-out ; and also macd turning bullish..I would prefer to go long at CMP 48.50 add in dips around 45.5, stop loss 40 Target 55/60. ( 2 Months time frame )
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Sector: Health Technology
Industry: Pharmaceuticals: Other
Alembic Ltd. engages in the pharmaceutical and real estate business. It operates through the Active Pharmaceutical Ingredient (API) and Real Estate segment. The API segment manufactures and markets fermentation and chemistry based API. The Real Estate segment involves the construction of residential and commercial real estate projects; and project management and marketing consultancy. Alembic was founded on July 30, 1907 and is headquartered in Vadodara, India.