Morepen Laboratories
BSE: 500288 | NSE: MOREPENLAB | ISIN: INE083A01026 | SECTOR: PHARMACEUTICALS
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About Morepen Laboratories
Morepen Laboratories is a
small cap company in the Pharmaceuticals sector with current market
capitalization of Rs 1,212.28 crore. Morepen Laboratories Ltd. was incorporated
in the year 1984 and it went public in 1993. Morepen has a niche in the
API business. Its cost reduction efforts coupled with continuous investment in
R&D yielded rich dividend for the company as it attained a strong hold in
the international markets, which eventually reflected positively on financial
front in the current fiscal. The company management includes Sushil
Suri - Chairman & Managing Director, Arun Kumar Sinha - Whole Time
Director, Manoj Joshi - Independent Director, Bhupender Raj Wadhwa -
Independent Director, Sukhcharan Singh - Independent Director, Archana Bhargava
- Additional Director.
Also read >>> How to Invest in Penny Stocks for Multibagger return?
Morepen Laboratories Key ratios;
- MARKET CAP (RS CR) : 1,212.28
- P/E : 128.33
- BOOK VALUE (RS) : 4.30
- DIV (%) : 0.00%
- INDUSTRY P/E: 32.73
- EPS (TTM) : 0.21
- P/C : 25.42
- PRICE/BOOK : 6.27
- FACE VALUE (RS): 2.00
Verify it at moneycontrol
Shareholding Pattern of Morepen Laboratories
(in %) | Dec-15 | Sep-15 | Jun-15 |
Promoter | 34.54 | 34.54 | 34.54 |
Public | 65.46 | 65.46 | 65.46 |
Our Take;
- Morepen
Lab has
been a darling of multibagger seekers. It has delivered a multifold return
of more than 2000% with its nice journey from Rs. 2.05 in
August 2013 to Rs. 41.80 in December, 2015. So Morepen Lab
is a perfect example of Multibagger Stock.
- At
CMP of Rs. 26 shares of Morepen Lab is
trading at PE of 125+ so at present EPS the stock is overvalued. No
fresh position is suggested until the company delivers good numbers in
upcoming quarters.
- read also: Rakesh Jhunjhunwala’s Latest Holding and It's Performance
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What is your view on present post, feel free to raise your queries on "Morepen Laboratories a Multibagger Stock". Drop a few lines here in comment box.
Sir,
ReplyDeleteThanks for this wonderful wright up.
Sir as you mention in the last wait for the next result for fresh entry.
Sir can you please give your view and feedback about morepen last result and changes of multibagger returns in long term.
Hi Gaurav,
DeleteThanks for showing interest here. I am really very sorry for my late reply. This post was written on March 2016 cleary advising our readers to avoid fresh buying @24 level and the stock went as per our discussion; currently trading @20.
As much of the water have flown in Ganga ever since the post was written, your question seems to be obvious.
Dont worry I will update this post very soon after analysing every aspects of Morpen lab and it being multibagger.
As per technicals it is showing multiple support at 19 to 20. So technically it can be bought with strict SL of 18.50. Remember this is a quick analysis as per chart only new fundamental analysis is yet to be updated.
Disclosur: Keep in mind I am not SEBI registered advisor nor this reply is intended to give buy/sell recommendation. Please use your mind or consult any expert before reacting on this post.
Thanks.
Hi Sir,
ReplyDeletePlease update your technical analysis as i had already invested 70k at Rs.30. Its been 2yrs i got stuck. shall i average it and stay for another 1yr to get good returns.
Hello Krishnu,
DeleteGreetings from Money n Business. I just posted a video on my youtube channel specially for you. I hope this will remove all your doubts regarding morpen lab.
Here is direct link https://youtu.be/er2ljgNlkKM