weekend Research: Poly Medicure Ltd CMP 1520.1Poly Medicure Ltd.: Polymed was conceived and established in 1995 by a group of engineers and technocrats dedicated with a vision of providing the highest quality. They are into manufacturing and importing medical devices. They have 8 state of art manufacturing units out of which 5 are situated in India and one each in China, Egypt and Italy.
Negative aspect of the company is that they are off late having some cash flow issues. Price to earning ratio of the company is also 58.7 making it an expensive buy.
Positive aspects of the company are that it is a company with low debt, Zero promoter pledge and improving annual net profits. EPS of the company and it’s book value is also continuously increasing.
Entry in the stock can be taken after closing above 1530. Targets will be 1589 and 1618. Long term target in the company will be 1675. Stop loss should be maintained in the stock at a closing below 1365.
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