Hikal looking to call back glory day on chart.
Hikal Ltd. is engaged in the manufacturing of various chemical intermediates, specialty chemicals, active pharma ingredients, and contract research activities. Presently, it is operating in the crop protection and pharmaceuticals space.
Hikal Ltd CMP is 303.95. The Negative aspect of the company is High Valuation (P.E. = 45.8) and declining annual net profit. The company's Positive aspects are Low debt, zero promoter pledge, FIIs increasing stake, MFs increasing stake, and Improving cash from operations annually.
Entry can be taken after closing above 311. Targets in the stock will be 320 and 329. The long-term target in the stock will be 350. Stop loss in the stock should be maintained at Closing below 292.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
Hikal Ltd CMP is 303.95. The Negative aspect of the company is High Valuation (P.E. = 45.8) and declining annual net profit. The company's Positive aspects are Low debt, zero promoter pledge, FIIs increasing stake, MFs increasing stake, and Improving cash from operations annually.
Entry can be taken after closing above 311. Targets in the stock will be 320 and 329. The long-term target in the stock will be 350. Stop loss in the stock should be maintained at Closing below 292.
The above information is provided for educational purpose, analysis and paper trading only. Please don't treat this as a buy or sell recommendation for the stock. We do not guarantee any success in highly volatile market or otherwise. Stock market investment is subject to market risks which include global and regional risks. We will not be responsible for any Profit or loss that may occur due to any financial decision taken based on any data provided in this message.
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