2021-08-01 14:35:35
*Hidden Gems Next MultiBagger Stock In Pharma*
*Most Of The Pharma Stock 10x In Last 1 Year But This Pharma Stock Still Undervalued*
*Monday Expected Big Upper 20 % Upper Circuit Because Overseas Based Pharma Company May Be Intrested To Buy Stake In This Company Once Deal Happen Stock Hit Daily Upper Circuit Upto 50 Rs Now Available At 12 To 13*
*Next Morpen lab Is Making**
Buy Generic Pharma Bse Code 531592 @ 12 To 13 With Short Term Target 25 / 30 Expected 20 % Upper Circuit On Monday Buy At Opening Bell**
Generic Pharmas Bse Code 531592* is engaged in the business of buying, selling and distribution of all kinds of pharmaceutical, medicinal and medicated preparations.
The company has decided to shift its core competence to the lucrative medical and diagnostics device segment. Headquartered in Mumbai, the company plans to rapidly expand to all the four major metros within the next 12 months and increase its product portfolio under the said segment over the period of time.
In line with the Company's strategy to extend Point of Care Diagnostic footprint by focusing on Channel and Dealers network and thereby enhancing its sales turnover, M/s Generic Pharmasec Limited has successfully executed an order from Reliance Group for upgrading Point of Care Diagnostics by installing Abbot Point of Care 1-Stat Blood Analysers at their group hospitals namely, Sir H. N. Reliance Hospital at Mumbai, Reliance Foundation Hospital at Jamnagar, Reliance Industries Hospitals at Bharuch and at Surat.
The Company is in dialogue with Reliance Group for further orders and implementation for their Group hospitals at various other locations.
Company posted the highest ever operating profit, net profit and margin in its life during Q4FY21. During Q4FY21, its sales zoomed 18.6% to 6.76 crore, operating profit zoomed 602.63% to 2.67 crore & net profit zoomed 445.65% to 2.51 crore.
On the technical front, the stock has given a strong breakout with a big white candle. Also during last week, life time high volumes were seen on a weekly basis in this counter. Price break out with record break volume clearly indicates that some wise people entered this counter.
Future of this business is very bright & technical breakout indicates that the stock will try to kiss 25 levels in Medium Term.
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