Aurobindo Pharma Limited is a pharmaceutical company. The Company is engaged in producing oral and injectable generic formulations and active pharmaceutical ingredients (APIs). Its product portfolio is spread over seven therapeutic/product areas, including antibiotics, anti-retrovirals, cardiovascular, central nervous system, gastroenterologicals, anti-allergies and anti-diabetics. It is engaged in developing a range of oncology and hormonal products. It is also developing inhalation and dermatology products, such as pressurized metered-dose inhaler (pMDI).

stock-detail

Company Aurobindo Pharma Limited
Recommendation Accumulate (Rs.870-RS.880)
CMP Rs.886.00
Stop Loss (SL) Rs.840
Target Price Rs.925-Rs.960
Time Horizon 2-4 Weeks

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Long term trend is up in this stock. The stock has consolidated for a long period and given a breakout from a rectangle pattern which is bullish nature. After a moil correction prices have taken support and reversed from the prior breakout region. Increase in volume and positive diversion from oscillator indicate that it can move higher from current levels so one can accumulate the stock between (Rs 870-880) With a stop loss of Rs. 840 on closing basis and respected target seems Rs 925-960. Time frame should be 2-4 weeks.

DISCLOSURE IN PURSUANCE OF SECTION 19 OF SEBI (RA) REGULATION 2014

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