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Detailed Analysis on the business of #Indoco Remedies💊💊
CMP - ₹389
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CMP - ₹389
Like and retweet for maximum reach!!
1. Company Overview
-Indoco Remedies is a pharmaceutical company that develops and manufactures a wide range of drug products for sale in the domestic and exports market.
-In the domestic market, they have several brands like Cyclopam, Febrex Plus, Sensodent-K,
-Indoco Remedies is a pharmaceutical company that develops and manufactures a wide range of drug products for sale in the domestic and exports market.
-In the domestic market, they have several brands like Cyclopam, Febrex Plus, Sensodent-K,
Karvol Plus, ATM, etc. which are leaders in their respective therapeutic areas. Indoco generates 7 crore prescriptions annually from over 3 lakh doctors from various specialties.
-In the export markets, they have various partnerships through which they sell their products in 55
-In the export markets, they have various partnerships through which they sell their products in 55
#Indoco Remedies’ management seems to be very optimistic about strong expansion in margins. They have an export order book of ₹150 with export margins expected to increase by 400-500 bps over the next 3 quarters.
They will achieve EBITDA margins over 20% in this financial year and have said that they are confident of taking margins to over 25% over the next 3 years.
Management has said that there is huge scope for operating leverage to play out at the Baddi facility. They expect to reach 70% capacity utilization by December 2023
1⃣ stock should do good accumulation near all time high or 52 weeks high.
Ex - #routemobile & #crest
Ex - #routemobile & #crest
3⃣ stock should face least resistance after breakout. ( Or not face major hurdle after BO)
Ex- #uttamsugar
Ex- #uttamsugar
Stock name – Indoco Remedies (#Indoco)
Bought now @ INR 312
Chart pattern – Around 3 years long horizontal BO on weekly closing above 317.40 (confirmation pending)
Technical target – INR 630
Time frame – Within 2 years
Stop loss – Will update once stock crosses INR 362
Bought now @ INR 312
Chart pattern – Around 3 years long horizontal BO on weekly closing above 317.40 (confirmation pending)
Technical target – INR 630
Time frame – Within 2 years
Stop loss – Will update once stock crosses INR 362
#Indoco - Press release dated 8th December 2020
Indoco wins major tenders in Germany for Allopurinol Tablets - bseindia.com/xml-data/corpf…
Indoco wins major tenders in Germany for Allopurinol Tablets - bseindia.com/xml-data/corpf…
#Intimation #Concall
16Jun20
#SHOPERSTOP: rmls.co/0r297N
#NH: rmls.co/ODQjkE
#ASHOKA: rmls.co/n9gDoD
#SATIN: rmls.co/g9M2wr
#NATHBIOGEN: rmls.co/xrLZMq
#GRPLTD: rmls.co/vpLQ00
#VASCONEQ: rmls.co/yv70x6
16Jun20
#SHOPERSTOP: rmls.co/0r297N
#NH: rmls.co/ODQjkE
#ASHOKA: rmls.co/n9gDoD
#SATIN: rmls.co/g9M2wr
#NATHBIOGEN: rmls.co/xrLZMq
#GRPLTD: rmls.co/vpLQ00
#VASCONEQ: rmls.co/yv70x6
#Intimation #Concall
16Jun20(contd)
#VSSL: rmls.co/9EXrYz
#WSFIN: rmls.co/KVGWBx
#NEOGEN: rmls.co/DVx81k
17Jun20
#IPCALAB: rmls.co/2w90jK
#ACE: rmls.co/3xE70n
#CANFINHOME: rmls.co/GVAJnK
#NAVINFLUOR: rmls.co/DVx796
16Jun20(contd)
#VSSL: rmls.co/9EXrYz
#WSFIN: rmls.co/KVGWBx
#NEOGEN: rmls.co/DVx81k
17Jun20
#IPCALAB: rmls.co/2w90jK
#ACE: rmls.co/3xE70n
#CANFINHOME: rmls.co/GVAJnK
#NAVINFLUOR: rmls.co/DVx796
#Intimation #Concall
15Jun20
#CASTROLIND: rmls.co/4y61lk
#ICIL: rmls.co/pjkGqr
#CCL: rmls.co/PVM3ol
#PNBHOUSING: rmls.co/j9nXPl
#ACRYSIL: rmls.co/9EpYVJ
#MASTEK: rmls.co/J971wy
#SUPRAJIT: rmls.co/1vBkVV
15Jun20
#CASTROLIND: rmls.co/4y61lk
#ICIL: rmls.co/pjkGqr
#CCL: rmls.co/PVM3ol
#PNBHOUSING: rmls.co/j9nXPl
#ACRYSIL: rmls.co/9EpYVJ
#MASTEK: rmls.co/J971wy
#SUPRAJIT: rmls.co/1vBkVV
#Intimation #Concall
15Jun20(contd)
#DALBHARAT: rmls.co/qkDgy3
#CSBBANK: rmls.co/VVl6o9
#INTELLECT: rmls.co/8DB9zl
#TCPLPACK: rmls.co/8DXnjm
#GEOJITFSL: rmls.co/0rOBQ7
#TRITURBINE: rmls.co/xr838J
15Jun20(contd)
#DALBHARAT: rmls.co/qkDgy3
#CSBBANK: rmls.co/VVl6o9
#INTELLECT: rmls.co/8DB9zl
#TCPLPACK: rmls.co/8DXnjm
#GEOJITFSL: rmls.co/0rOBQ7
#TRITURBINE: rmls.co/xr838J
#Intimation #Concall
15Jun20(contd)
#AYMSYNTEX: rmls.co/rlBOl6
#SRF: rmls.co/ogXyGL
16Jun20
#SHOPERSTOP: rmls.co/0r297N
#NH: rmls.co/ODQjkE
#ASHOKA: rmls.co/n9gDoD
#SATIN: rmls.co/g9M2wr
#NATHBIOGEN: rmls.co/xrLZMq
15Jun20(contd)
#AYMSYNTEX: rmls.co/rlBOl6
#SRF: rmls.co/ogXyGL
16Jun20
#SHOPERSTOP: rmls.co/0r297N
#NH: rmls.co/ODQjkE
#ASHOKA: rmls.co/n9gDoD
#SATIN: rmls.co/g9M2wr
#NATHBIOGEN: rmls.co/xrLZMq
#Intimation #Concall
12Jun20
#HINDALCO: rmls.co/4y61lk
#IIFLWAM: rmls.co/pjkGqr
#KNRCON: rmls.co/PVM3ol
#DWARKESH: rmls.co/j9nXPl
#SHRIRAMCIT: rmls.co/9EpYVJ
#AFFLE: rmls.co/J971wy
12Jun20
#HINDALCO: rmls.co/4y61lk
#IIFLWAM: rmls.co/pjkGqr
#KNRCON: rmls.co/PVM3ol
#DWARKESH: rmls.co/j9nXPl
#SHRIRAMCIT: rmls.co/9EpYVJ
#AFFLE: rmls.co/J971wy
#Intimation #Concall
12Jun20(contd)
#JSLIIISAR: rmls.co/1vBkVV
#KIRLOSIND: rmls.co/qkDgy3
#KIRLFER: rmls.co/VVl6o9
#JSL: rmls.co/8DB9zl
13Jun20
#GRASIM: rmls.co/8DXnjm
#BHEL: rmls.co/0r297N
12Jun20(contd)
#JSLIIISAR: rmls.co/1vBkVV
#KIRLOSIND: rmls.co/qkDgy3
#KIRLFER: rmls.co/VVl6o9
#JSL: rmls.co/8DB9zl
13Jun20
#GRASIM: rmls.co/8DXnjm
#BHEL: rmls.co/0r297N
#Intimation #Concall
10Jun20
#DHANUKA: rmls.co/n9r0x5
#TEAMLEASE: rmls.co/wqj4vz
#HEROMOTOCO: rmls.co/W0ZVNo
#XELPMOC: rmls.co/RVLEXL
#KBRL: rmls.co/g9xY5r
11Jun20
#SRTRANSFIN: rmls.co/qkl2r3
#MGL: rmls.co/5zQ5qR
10Jun20
#DHANUKA: rmls.co/n9r0x5
#TEAMLEASE: rmls.co/wqj4vz
#HEROMOTOCO: rmls.co/W0ZVNo
#XELPMOC: rmls.co/RVLEXL
#KBRL: rmls.co/g9xY5r
11Jun20
#SRTRANSFIN: rmls.co/qkl2r3
#MGL: rmls.co/5zQ5qR
#Intimation #Concall
11Jun20(contd)
#GREENPOWER: rmls.co/qk7PkR
#SHANKARA: rmls.co/2w9LXJ
#GENUSPOWER: rmls.co/VVNE4M
#REDINGTON: rmls.co/pjRRgm
12Jun20
#HINDALCO: rmls.co/4y61lk
#IIFLWAM: rmls.co/pjkGqr
11Jun20(contd)
#GREENPOWER: rmls.co/qk7PkR
#SHANKARA: rmls.co/2w9LXJ
#GENUSPOWER: rmls.co/VVNE4M
#REDINGTON: rmls.co/pjRRgm
12Jun20
#HINDALCO: rmls.co/4y61lk
#IIFLWAM: rmls.co/pjkGqr
#Intimation #Concall
12Jun20(contd)
#KNRCON: rmls.co/PVM3ol
#DWARKESH: rmls.co/j9nXPl
#SHRIRAMCIT: rmls.co/9EpYVJ
13Jun20
#GRASIM: rmls.co/8DXnjm
15Jun20
#CASTROLIND: rmls.co/ODQjkE
#ICIL: rmls.co/n9gDoD
12Jun20(contd)
#KNRCON: rmls.co/PVM3ol
#DWARKESH: rmls.co/j9nXPl
#SHRIRAMCIT: rmls.co/9EpYVJ
13Jun20
#GRASIM: rmls.co/8DXnjm
15Jun20
#CASTROLIND: rmls.co/ODQjkE
#ICIL: rmls.co/n9gDoD
The Pharma sector has been in a strong downtrend after the high of Apr'15 and has been falling in a channel. The first attempt to break out was in Sep'18 but failed. Another attempt is in progress now after the stock retested 61.8% of the entire rally from Mar'09 to Apr'15. 1/n
Will we see a breakout this time? No one knows, but the probability to breakout is clearly on the higher side after looking at last month's candle & the reversal level at 61.8% fib. What can one do? Start a SIP in one of the pharma funds & allocate a % depending on ur risk. 2/n
Cipla retraced 50% of the entire rally and reversed from trendline and horizontal support levels too. Awaiting breakout #CIPLA #trendlines #investing #fibonacci
