Aurobindo Pharma picking up momentum.Aurobindo Pharma Ltd. engages in the manufacturing of generic pharmaceuticals and active pharmaceutical ingredients. It operates under the following geographical segments: India, USA, Europe, and Rest of the World. Its portfolio includes antibiotics, anti-retroviral, cardiovascular, central nervous system, gastroenterological, anti-allergies, and anti-diabetics.
Aurobindo Pharma Ltd. Closing price is 1191.30. The positive aspects of the company are moderate Valuation (P.E. = 19.8), Strong cash generating ability from core business - Improving Cash Flow from operation, Companies with Low Debt, FII / FPI or Institutions increasing their shareholding, RSI indicating price strength and MFs increased their shareholding last quarter. The Negative aspects of the company are Stocks Underperforming their Industry Price Change in the Quarter and High promoter stock pledges.
Entry can be taken after closing above 1192 Historical Resistance in the stock will be 1249, 1299 and 1358. PEAK Historic Resistance in the stock will be 1403 and 1461. Stop loss in the stock should be maintained at Closing below 1073 or 986 depending upon your risk taking ability.
Disclaimer: The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock or index. The Techno-Funda analysis is based on data that is more than 3 months old. Supports and Resistances are determined by historic past peaks and Valley in the chart. Many other indicators and patterns like EMA, RSI, MACD, Volumes, Fibonacci, parallel channel etc. use historic data which is 3 months or older cyclical points. There is no guarantee they will work in future as markets are highly volatile and swings in prices are also due to macro and micro factors based on actions taken by the company as well as region and global events. Equity investment is subject to risks. I or my clients or family members might have positions in the stocks that we mention in our educational posts. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message. Do consult your investment advisor before taking any financial decisions. Stop losses should be an important part of any investment in equity.
