Divis Laboratories - A weekly Pic

CMP                :        RS 2349 (24.07.2020)

TARGET           :        RS 2480

PERIOD           :        1 WEEK

SL                  :        BELOW RS 2245

About Divis Laboratories Ltd.

Divis Laboratories Ltd., incorporated in the year 1990, is a Large Cap company (having a market cap of Rs 62361.22 Crore) operating in Pharmaceuticals sector.

Divis Laboratories Ltd. key Products/Revenue Segments include Active Pharma Ingredients which contributed Rs 4727.84 Crore to Sales Value (96.88 % of Total Sales), Export Incentives which contributed Rs 116.91 Crore to Sales Value (2.39 % of Total Sales), Scrap which contributed Rs 25.53 Crore to Sales Value (0.52 % of Total Sales) and Contract Fees which contributed Rs 9.38 Crore to Sales Value (0.19 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 31-03-2020, the company has reported a Consolidated sales of Rs 1389.71 Crore, down -.47 % from last quarter Sales of Rs 1396.26 Crore and up 9.67 % from last year same quarter Sales of Rs 1267.13 Crore Company has reported net profit after tax of Rs 388.23 Crore in latest quarter.

 

Technical Analysis:

* On longer time frame stock is trading in clearly uptrend and on hourly chart stock again resuming its up move by forming higher high - higher low pattern.

* Stock has crossed its previous swing high with strong volume as seen in chart.

* On short to long time frame stock is trading above ichimoku clouds.

Recommendations: Buy for short term gains of a week.

Note: The analysis is based on the information received from the company fundamentals and its technical trends. Investing in securities always depending upon the market conditions and risk. 

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