Mukadam

Breakout with momentum Buy Ajanta pharma for higher target

Long
NSE:AJANTPHARM   AJANTA PHARMA
Buy Ajanta Pharma at 2140 for targets of 2297 and 2492
Trade active: Hope you jumped on board ready to reach for 2297?

Comments

High Institutional Holdings at 20.98%

These investors have better capability and resources to analyse fundamentals of companies than most retail investors.

Their stake has increased by 0.6% over the previous quarter.
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The company has declared Positive results for the last 5 consecutive quarters

PBT LESS OI(Q) At Rs 226.25 cr has Grown at 85.94 %

ROCE(HY) Highest at 30.01 %

NET SALES(Q) Highest at Rs 756.84 cr
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Company has a low Debt to Equity ratio (avg) at -0.12 times
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High Management Efficiency with a high ROE of 22.49%
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