IPCA Labs looking forward to cross a few slabs..Ipca Laboratories Ltd. engages in the manufacturing, marketing, research, and development of pharmaceutical products.
Ipca Laboratories Ltd. Closing price is 1418.40. The positive aspects of the company are Companies with Zero Promoter Pledge, Company with Low Debt, Rising Net Cash Flow and Cash from Operating activity, Annual Net Profits improving for last 2 years and FII / FPI or Institutions increasing their shareholding. The Negative aspects of the company are high Valuation (P.E. = 46.2), Increasing Trend in Non-Core Income, RSI indicating price weakness, Companies with growing costs YoY for long term projects and MFs decreased their shareholding last quarter.
Entry can be taken after closing above 1422 Historical Resistance in the stock will be 1479, 1524 and 1564. PEAK Historic Resistance in the stock will be 1602 and 1656. Stop loss in the stock should be maintained at Closing below 1340 or 1278s depending upon your risk taking ability.
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