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Morepen Laboratories LimitedMorepen Laboratories LimitedMorepen Laboratories Limited

Morepen Laboratories Limited

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MOREPENLAB trade ideas

Morepen Labs: 150% return expected in this counterMorepen Laboratories,smallcap company, is engaged in the business of manufacturing, producing, developing and marketing a wide range of Active Pharmaceutical Ingredients (APIs), branded and generic formulations and also the Home Health products. Planning of capacity expansion and is taking aggressive steps to penetrate into the API business.Got approval to manufacture sputnik V in India. Points to be noted: Trading at P/E of 40 which is equivalent to avg P/E of the industry. Net profit growth rate and sales growth higher than industry average growth demand higher P/E for the stock. Company has reduced debt drastically. Company has delivered good profit growth of 41.36% CAGR over last 5 years Any 3rd wave as such or any fear of virus would further improve the sales of morepen. Company is improving its business on QoQ basis continuously. The numbers recorded by Morepen Labs is highest of all time on all the fronts as far as financials are considered which will least expect the price to reach its all time high i.e 175, which is a 150% return from hereon. However, the technical targets and stop loss are mentioned in the chart. #TradeTheTrend#SmallCap#MultiBagger
NSE:MOREPENLABLong
by skklnsk
3
Morepenlab - Breakout expectedA stock trading at 40/- breaks out and moves almost 75% that is close to 70/- and it is taking its own time to settle down before the second breakout. Higher time frame there is no strong patterns to justify the break but in smaller time frame there is one. Price trying to break the 66/- level for the past 10 trading sessions and it breaks 2 times but meanwhile it can't hold the momentum. If price breaks 66 and holds the position then definitely once can expect the up move towards ATH.
NSE:MOREPENLAB
by Tradersasi23
4
Morepen Labs VCP Studies Sharing VCP analysis of Morepen NSE:MOREPENLAB Currently in Advancing Stage In Less than 4 Weeks (26 sessions) Net Gain after Breakout = 106% Flag Pole was 80% High Consolidation was 291 sessions VCP Studies: Nice Textbook VCP pattern with 5 Contractions Move started with a failed breakout, from Ctn4. This was followed by a shakeout. Finally after 4 weeks of testing patience, Morepen broke out. Basing Stage: VCP Formed = 291 days, until successful breakout
NSE:MOREPENLABLong
by amar_gr