NATHBIOGEN - DESCENDING WEDGE BREAKOUT

Hi All,

This idea is about Nath Bio-Genes (India) Ltd

Mkt Cap - 495 Cr
Sales - 333 Cr
Mkt Cap / Sales = 1.49
ROE - 6.2%
ROCE - 6.8%
Promoter Holding - 45.6%
Quick Ratio - 1.3
D/E - 0.18

Technicals

The daily TF chart shows a positive breakout from a descending wedge pattern. This might mark a trend reversal scenario. With sector tailwinds behind, price can further rise to targets mentioned in the chart

Happy Trading,

Thanks,
Stock-n-Shine