Divis Laboratories LtdIncorporated in 1990, Divis Laboratories Ltd manufactures and exports API's, Intermediates and Nutraceutical ingredients
GAVE A RUN UP FROM 2720 TO 3450 - RSI Exhaustion observed.
Short 3445 - 3550 levels with 3575 SL
Target - 3150
Market Cap
₹ 90,923 Cr.
Current Price
₹ 3,425
Stock P/E
37.9
Book Value
₹ 457
Dividend Yield
0.89 %
ROCE
35.1 %
ROE
28.2 %
Face Value
₹ 2.00
Promoter holding
51.9 %
EPS last year
₹ 112
EPS latest quarter
₹ 11.6
Debt
₹ 3.29 Cr.
Pledged percentage
0.00 %
Net CF
₹ -816 Cr.
Price to Cash Flow
47.6
Free Cash Flow
₹ 1,199 Cr.
Debt to equity
0.00
OPM last year
43.4 %
OPM 5Year
38.9 %
Reserves
₹ 12,082 Cr.
Price to book value
7.47
Int Coverage
5,840
PEG Ratio
1.66
DIVISLAB trade ideas
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NSE: DIVISLAB
CMP: 3498
TP: 4200
SL: 3300
TF: <6m
RR > ~3.4 times
Return > 20%
THYROCARE CNXPHARMA LUPIN SUNPHARMA SPARC DIVISLAB DRREDDY AUROPHARMA BALPHARMA GLENMARK SANOFI PFIZER BPLPHARMA MARKSANS BIOCON GRANULES IPCALAB LAURUSLABS NATCOPHARM GLAND ALKEM ZYDUSLIFE APOLLOHOSP FORTIS AARTIDRUGS ZYDUSWELL MAXHEALTH BAJAJHCARE
Factors:
BULLISH WEDGE BREAKOUT
Trend Following
Rising Volume with rising Prices.
Flag pattern breakout.
Pennant Pattern Breakout with Bullish Candle.
Retest Successful.
Higher Highs & Higher Lows.
Broken above RESISTANCE levels
Trading at SUPPORT levels
Earnings are strong.
Bullish Wedge Breakout
Risk Return Ratio is healthy.
And
Rising from Double Bottom Pattern to Flag Pattern forming.
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With 💚 from Rachit Sethia
DIVISLAB FORMED DOUBLE BOTTOM ON DTFThe Price trading near strong and crucial support level of 2730. Price formed Double Bottom chart pattern near the support level. If price holds this level that we can look for short term upside.
If price breaks down the support level of 2350 than more fall can be see in next coming trading sessions.