Monthly chart analysis of Marksans pharma reveals a beautiful cup and handle breakout in the stock.
We have seen an ATH breakout already and a consolidation/retracement is bound to happen.
The stock is looking strong for multibagger returns with the best buy level for a positional trade is the range of 95-105
Keep this stock in your watchlist. For investment, stock can be added at CMP as well with buy on dips strategy.
Stock fundamentals:
Category-Midcap
Sector-Pharma
Industry-Pharma(Bulk drugs)
10 Year compounded profit growth:- 19%
Ratios at CMP:-
Stock PE:-19 ; Ind. PE:- 26
Debt to equity:- 0.07 (negligible)
ROCE:- 22%; ROE:-20% ; P/B:- 3.07; PEG:- 0.34