Medplus looking looking strong
Medplus Health Services Ltd. is the 2nd largest pharmacy retail chain in India. The company is engaged in manufacturing of private label pharmaceuticals, wellness & FMCG products. It also offers clinical laboratory services & physical consultation services. Medplus operates in more than 3000 pharmacy stores across 374 cities.
Medplus Health Services CMP is 813.10. Negative aspects of the company are high valuation (P.E. = 195), declining annual net profits & high promoter pledge. Positive aspects of the company are improving cash from operations annual, FIIs are increasing stake, MFs are increasing stake & no debt.
Entry after closing above 828. Targets in the stock will be 871, 945 & 999. Long term target in the stock will be 1051 & 1341. Stop loss in the stock should be maintained at closing below 745.
Medplus Health Services CMP is 813.10. Negative aspects of the company are high valuation (P.E. = 195), declining annual net profits & high promoter pledge. Positive aspects of the company are improving cash from operations annual, FIIs are increasing stake, MFs are increasing stake & no debt.
Entry after closing above 828. Targets in the stock will be 871, 945 & 999. Long term target in the stock will be 1051 & 1341. Stop loss in the stock should be maintained at closing below 745.
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