Piramal Pharma Long-Term investment idea💡

Introduction

Piramal Pharma Limited (PPL) is part of the Piramal group of companies. The company operates through 3 major segments
(1) Contract development and manufacturing organisations (CDMO), (2) Complex hospital generics (critical care), and (3) consumer healthcare (OTC).
Company entered Pharma space back in 1988 with acquisition of Nicholas Laboratories and grew through a series of Mergers & Acquisitions[1] and various organic initiatives. In 2010 the Domestic formulations business was sold to Abott for $3.7 billion[2] and Diagnostic Services was sold to Super Religare Laboratories (SRL

Observation

As we can see stock breakout it 195 level with open marabuzu pattern with huge trade volume now making ascending triangle pattern for next up move. Stock taking 20EMA support on day also trade above all the EMA with hammer.

Let's touch fundamentals

  • ROCE5.49 %
  • ROE0.22 %
  • Debt 0.60
  • PE 754
  • Public Hilding 20
  • Promotor holding 34

Technical Analysis & indicators 🔍

  • Ascending triangle pattern
  • Weekly Chart


News of the day


1Tech Mahindra has incorporated a step-down subsidiary in Ghana named Yabx Technologies Ghana, which will provide software and analytics platform and related services in the African nation, according to a filing to the Indian stock exchanges on Friday.

The new entity is a step-down arm of Comviva Technologies, a subsidiary of the company, according to the filing.

Yabx Technologies Ghana will focus on banks, micro-financial institutions, and other lenders to provide products such as loan customer relationship management software, loan customer lead generation software, analytics, and other services, the filing said.

2. Tata Chemicals has named Subodh Srivastav as chief marketing officer, effective Oct. 21, according to a filing to the stock exchanges on Friday.Srivastav is currently the managing director and chief executive officer of Tata Chemicals Magadi, a subsidiary of the company.

3. Artson Engineering has received a purchase order worth 115 million Indian rupees from Deepak Nitrite, according to a filing to the BSE on Monday.The contract involves the manufacture and supply of four anhydrous ammonia storage tanks.

Educational content

This stock analysis is designed for educational purposes and should not be taken as financial advice. Please carry out your own research or consult with a financial advisor before investing.

Mon Sep 30, 2024

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