📊 DETAILS
Sector: Pharmaceuticals & Drugs
Mkt Cap: 3,512 cr
Sequent Scientific is India's leading animal health company, with presence in 5+ continents across 100 countries. Sequent Scientific Limited provides a wide-ranging portfolio of animal health products, including Finished Dose Formulations, APIs, as well as analytical services to the pharmaceutical...
The stock is trading in a strong uptrend
Today it witnessed a long awaited breakout from consolidation of almost 40-42 trading sessions
the breakout took place along with helthy volumes as can be seen marked by a a semicircle
139-142 could now act as a strong support area with medium term perspective and with that into consideration a decent upmove likely in this stock
Net profit of Sequent Scientific reported to Rs 8.27 crore in the quarter ended December 2023 as against net loss of Rs 8.87 crore during the previous quarter ended December 2022. Sales declined 12.24% to Rs 329.36 crore in the quarter ended December 2023 as against Rs 375.31 crore during the previous quarter ended December 2022.
Due to the acquisition of 100% stake in Tineta who specializes in livestock business in September 2023, Sequent scientific - an animal health (API and formulations) company might show a huge bounce back in near future.
Cup and Handle breakout done last week.
Targets are mentioned in the chart as red lines which is nothing but the intermediate resistances. The green colour is the final target.
Note: This is for educational purpose only.
PE is negative at -42
THE CARLYLE GROUP ACQUIRES A MAJORITY STAKE IN SEQUENT SCIENTIFIC LIMITED
Shares of Sequent Scientific soared over 9 percent in early trade on September 15 after the company's board approved the sale of its API (Active Pharmaceutical Ingredient) facility in Thane
Sequent Scientific (NSE:SEQUENT) delivers shareholders decent 8.8% CAGR over...
Sequent Scientifica CMP 122 ready for good upside with low correction potential. Can be added for 145/180/200 for longterm gains.
Sequent Scientific is India's leading animal health company, with presence in 5+ continents across 100 countries. Sequent Scientific Limited provides a wide-ranging portfolio of animal health products, including Finished Dose...
Please look into the chart for a detailed understanding.
Consider these for short-term & swing trades with 2% profit.
For BTST trades consider booking
target for 1%-2%
For long-term trades look out for resistance drawn above closing.
Please consider these ideas for educational purpose
Please note that, if there are some big targets, those are drawn thinking...
Sequent is performance based stock. It gave a breakout earlier and now after a nice consolidation it seems to move again in bullish direction.
Reasons:
Taking support at trendline near 200 EMA and VWAP.
Moving in Higher HIGH Higher LOW.
Important level are marked in the chart.
RSI breaking 50 to upside shows Bullishness.
Re-Breakout after 3 month of...
One of those stocks worth taking a punt on with the company expecting to go back to double digit margins by the year end.
If that happens the stock could start moving upwards again
Long at CMP with 33% allocation and double up above 105 and finally reload again after 115.
SL 95 which keeps the risk low coz the upfront allocation only 33%.
