Marksans Pharma Looks Attractive

  • Stock Market Analysis

In the last write up we caught bank stock Bank of Maharashtra Ltd (NS: BMBK ) and that doing well as per our expectations. Now we have found one more stock from the pharma sector which is Marksans Pharma (NS: MARK ) Ltd. Marksans Pharma is engaged in the business of formulation of pharmaceutical products. Their key focus areas lie in the OTC & prescription drugs that have wide-ranging applications across fields like Oncology, Gastroenterology, Antidiabetic, Antibiotics, Cardiovascular, Pain Management, and Gynaecology, among others. UK & US are their largest customers contributing 42% & 43% respectively out of 25+ countries. The company aims to reach 2000 Cr. revenue in the next few years.

Chart Outlook: After the first lockdown stock price has risen from 10 and touched 98 i.e. almost 10 times. Again stock price come down to 40 and gave a reversal signal on the major time frames chart. On the monthly chart stock price is making Inverse H&S which is the trend change signal. On the weekly chart, the price has given a breakout to its down trendline. So we are expecting 20-30% up moves from the current levels for the medium to long term.


Marksans_Monthly

Marksans_weekly


Fundamental Outlook:

  • 1. The company is almost debt free.
  • 2. Yearly net profits are increasing.
  • 3. The company is focusing on business expansion.
  • 4. It has a good cash flow.
  • 5. FIIs and DIIs are gradually increasing their holdings. Return on equity is around 20%.

If I look at the product of the company then those are in demand. Based on these all parameters we are bullish on the stock.

ORIGINAL

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Disclaimer: The contents produced here are purely for educational purposes. They should not be construed as buy/sell recommendations. Readers are advised to consult their Investment advisor before taking any decisions based on the above write-up.
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  • Sagar Rajput @Sagar Rajput
    MARKSANS PHARMA 53.90 to 60, 12% gain9money4me09:23 AM
    Like 0
  • amit chavda @amit chavda
    but sir ji... it's CMP is 57 at today closing. and u have said stock come down to 40 ... Any mistake???
    Like 1
    • Sagar Rajput @Sagar Rajput
      @amit chavda it made low around 40 and not ready for up moves
      Like 1
    • Ajay Devkate @Ajay Devkate
      Am baying 5000 sher by price 53 ru
      Like 0
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