RANBAXY LABORATORIES
Monday, June 7, 2010 1:18 amadmin
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COMPANY NAME – RANBAXY LABORATORIES
RECOMMENDATION – SELL
STOCK CURRENT PRICE – 430
TARGET – 350
COMPANY BASIC INFORMATION
ISIN Id – INE015A01028
BSE Id – 500359
NSE Id – RANBAXY
INDUSTRY – Pharmaceuticals
Market Cap – 18090.84
Book Value – 84.18
EPS (TTM) – 52.81
Price/Book – 5.11
Face Value – 5.00
P/E – 8.14
Div(%) – 10.00%
Industry P/E – 22.54
P/C – 7.63
STOCK PRICE HISTORY (NSE)
All Time High – 1279.40
All Time Low – 133.10
52 Week High – 538.45
52 Week Low – 236.00
DAILY CHART:
Recommendation-
The stock seems to have formed an intermediate top in previous moths and gave a breakout on the downside in the second half of the last month. However, it witnessed a pullback rally on low volumes up to the breakout point and failed to close above it. Also the stock has given a closing below its 200 DMA on Friday’s session. We expect a fresh round of shorts building in the counter from current levels which might put further pressure on it and therefore recommend a Sell on the stock for targets of 350-360 levels within 2-3 months however one should keep a stop above 450 on closing levels on all short positions.
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