Positional Stock
ORCHPHARMA (Orchid Pharma Ltd) looks good above 524
SL 475
Targets 570-600-625-650-700-750
holding period 6 months
Pros-
There is huge buying in the stock by FIIs & DIIs
Stock has taken reversal and now seems like it is in uptrend
Stock has raised 400 crore through QIP
Cons
Stock is trading at 2.94 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -0.51% over past five years.
Company has a low return on equity of -5.28% over last 3 years.
Earnings include an other income of Rs.51.9 Cr.
Stock is trading at a very high PE
Cash from operating activity decreased in last quarter
ORCHPHARMA (Orchid Pharma Ltd) looks good above 524
SL 475
Targets 570-600-625-650-700-750
holding period 6 months
Pros-
There is huge buying in the stock by FIIs & DIIs
Stock has taken reversal and now seems like it is in uptrend
Stock has raised 400 crore through QIP
Cons
Stock is trading at 2.94 times its book value
Company has low interest coverage ratio.
The company has delivered a poor sales growth of -0.51% over past five years.
Company has a low return on equity of -5.28% over last 3 years.
Earnings include an other income of Rs.51.9 Cr.
Stock is trading at a very high PE
Cash from operating activity decreased in last quarter