MEDPLUSMedplus has given trend-line breakout with increased market participation. Seems promising for midterm trading. Trend reversal is quite possible after almost a year's consolidation.
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EPS estimate
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8.40 INR
654.73 M INR
56.25 B INR
48.61 M
About MEDPLUS HEALTH SERV LTD
Sector
Industry
CEO
Madhukar Reddy Gangadi
Website
Headquarters
Hyderabad
Founded
2006
ISIN
INE804L01022
FIGI
BBG013YXGVK4
MedPlus Health Services Ltd. engages in the provision of operation of pharmacies. It operates through the following segments: Retail, Diagnostics, and Others. The Retail segment focuses on the sale of pharmaceuticals and general items. The Diagnostics segment involves the pathology and radiology services. The Others segment includes insurance broking business. Its pharmacies carry medicines, vitamins, medical devices, test kits, and fast-moving consumer goods. It also conducts pathological services and distributes medical and surgical supplies through RiteCure and its online pharmacy Medplus Mart. The company was founded by Madhukar Gangadi in 2006 and is headquartered in Hyderabad, India.
Medplus-A beautiful W in the making!Medplus has been in a downtrend since couple of years.
Stock is showing strong reversal after a base formation.
Stock has potential to test ATH and also make new highs.
Keep in watchlist. Not a recommendation.
Swing Symmetrical Triangle Pattern:
The price has been consolidating within a symmetrical triangle, formed by converging trendlines.
The breakout above the triangle suggests a potential bullish trend continuation.
Resistance Level (₹745.35):
The horizontal line at ₹745.35 acts as a key resistance, which
MEDPLUS - 3 YEARS TRENDLINE BREAKOUT Can Enter at 760
if again falls then you need to average at 565 level
Target - 980,1230,1340
Disclaimer - All information on this page is for educational purposes only,
we are not SEBI Registered, Please consult a SEBI registered financial advisor for your financial matters before investing And
Mid term bet - Making higher high and rounding bottomMid term bet - Making higher high and rounding bottom, good to buy with appropriate stop loss - below recent low in weekly chart around 600, stop loss is 20% away.
Mid term target above 1100 almost 50% from current levels
MedPlus Stock technically look like bottom out, break out Trend with good buying volume
Sustain above ema's .
- jun 23 fii holding 4.43% , currently sep 2024 (14.74%)
-dii holding sep 2023 25.50% , Currently sep 2024 (27.98%)
Public holding consolidated from long time 26-20% between, but this sep 2024 Pub
MEDPLUS: 82% upmove possible🔶𝗜 𝘀𝗰𝗮𝗻𝗻𝗲𝗱 𝘁𝗵𝗿𝗼𝘂𝗴𝗵 𝗵𝘂𝗻𝗱𝗿𝗲𝗱𝘀 𝗼𝗳 𝘀𝘁𝗼𝗰𝗸𝘀 𝘀𝗼 𝘁𝗵𝗮𝘁 𝘆𝗼𝘂 𝗱𝗼𝗻'𝘁 𝗵𝗮𝘃𝗲 𝘁𝗼🔸
Here are My Top 4 Breakout Picks. A thread 🧵
1.
➡️3 year trendline #breakout possible
➡️82% away from ATH
➡️highest ever sales and profit
➡️improvement in margins
Cons
➡️ High PE
MEDPLUS - Trendline and Symmetrical Triangle breakoutPrice decline since 2022 and the price consolidate since Feb 2024 inside the triangle and it breakout that and black color trendline this week. As this stock in downrange, this need to be consider very carefully or view this for educational purpose.
MedPlus Weekly breakout done
Buy near CMP 730
Long term Target 950-1370+
Only for educational purposes
MedPlus Buy at CMP near 730
Weekly breakout done
Long term Target 960-1370+
Only for educational purpose
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An aggregate view of professional's ratings.
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current price of MEDPLUS is 855.00 INR — it has decreased by −1.90% in the past 24 hours. Watch MEDPLUS HEALTH SERV LTD stock price performance more closely on the chart.
Depending on the exchange, the stock ticker may vary. For instance, on NSE exchange MEDPLUS HEALTH SERV LTD stocks are traded under the ticker MEDPLUS.
MEDPLUS stock has fallen by −0.06% compared to the previous week, the month change is a 25.16% rise, over the last year MEDPLUS HEALTH SERV LTD has showed a 14.77% increase.
We've gathered analysts' opinions on MEDPLUS HEALTH SERV LTD future price: according to them, MEDPLUS price has a max estimate of 1,305.00 INR and a min estimate of 830.00 INR. Watch MEDPLUS chart and read a more detailed MEDPLUS HEALTH SERV LTD stock forecast: see what analysts think of MEDPLUS HEALTH SERV LTD and suggest that you do with its stocks.
MEDPLUS reached its all-time high on Jan 20, 2022 with the price of 1,343.00 INR, and its all-time low was 548.25 INR and was reached on Dec 1, 2022. View more price dynamics on MEDPLUS chart.
See other stocks reaching their highest and lowest prices.
See other stocks reaching their highest and lowest prices.
MEDPLUS stock is 3.81% volatile and has beta coefficient of 0.21. Track MEDPLUS HEALTH SERV LTD stock price on the chart and check out the list of the most volatile stocks — is MEDPLUS HEALTH SERV LTD there?
Today MEDPLUS HEALTH SERV LTD has the market capitalization of 100.98 B, it has decreased by −0.03% over the last week.
Yes, you can track MEDPLUS HEALTH SERV LTD financials in yearly and quarterly reports right on TradingView.
MEDPLUS HEALTH SERV LTD is going to release the next earnings report on Jan 31, 2025. Keep track of upcoming events with our Earnings Calendar.
MEDPLUS net income for the last quarter is 387.36 M INR, while the quarter before that showed 143.63 M INR of net income which accounts for 169.69% change. Track more MEDPLUS HEALTH SERV LTD financial stats to get the full picture.
No, MEDPLUS doesn't pay any dividends to its shareholders. But don't worry, we've prepared a list of high-dividend stocks for you.
As of Dec 13, 2024, the company has 21.72 K employees. See our rating of the largest employees — is MEDPLUS HEALTH SERV LTD on this list?
EBITDA measures a company's operating performance, its growth signifies an improvement in the efficiency of a company. MEDPLUS HEALTH SERV LTD EBITDA is 4.16 B INR, and current EBITDA margin is 6.33%. See more stats in MEDPLUS HEALTH SERV LTD financial statements.
Like other stocks, MEDPLUS shares are traded on stock exchanges, e.g. Nasdaq, Nyse, Euronext, and the easiest way to buy them is through an online stock broker. To do this, you need to open an account and follow a broker's procedures, then start trading. You can trade MEDPLUS HEALTH SERV LTD stock right from TradingView charts — choose your broker and connect to your account.
Investing in stocks requires a comprehensive research: you should carefully study all the available data, e.g. company's financials, related news, and its technical analysis. So MEDPLUS HEALTH SERV LTD technincal analysis shows the buy rating today, and its 1 week rating is strong buy. Since market conditions are prone to changes, it's worth looking a bit further into the future — according to the 1 month rating MEDPLUS HEALTH SERV LTD stock shows the strong buy signal. See more of MEDPLUS HEALTH SERV LTD technicals for a more comprehensive analysis.
If you're still not sure, try looking for inspiration in our curated watchlists.
If you're still not sure, try looking for inspiration in our curated watchlists.