Marksans Pharma Ltd is inching up with high momentum with unusual volumes. High Momentum + Unusual volumes killer combination for swing trades.
"What seems too high and risky to the majority generally goes higher and what seems low and cheap generally goes lower.” - William O’Neil
Disclaimer: This idea has been posted strictly for educational purposes only and...
Marksans Pharmaceuticals
Can exhibit a further up move or down move depending on further confirming price action at resistance line/ rounding bottom formation.
Fundamentally the stock is not in a bad position.
If price action breaks out in bullish manner, one can go long for medium to long term
After a downtrend (shown by red line), Share formed HAMMER followed by MARUBOZU (shown in box). RSI is also supporting price rise (marked by green arrow). All these things indicate that Share Price will go up.
I believe Marksans Pharma has the potential to give good returns in long term.
**Fundamental Analysis**
The stock gave great results on QOQ basis with from a loss of 8 lakhs to a profit of 14.5 crore thats good on every scale.
The only thing that concerns me is the P/E ratio which is way above the Industry average of 20.
**Credit Rating for Marksans Pharma...
Marksans Pharma Ltd. engages in the research, manufacture, marketing, and sale of pharmaceutical formulations. Its product portfolio spreads over major therapeutic areas such as oncology, gastroenterology, anti-diabetic, cardiovascular, pain management, and gynecology. The company was founded by Mark Bosco Saldanha on April 16, 1992 and is headquartered in Mumbai, India.
MARKSANS
