Introduction

Poly Medicure Ltd. engages in the manufacture and sales of medical devices. Its products are used in infusion therapy, central venous access catheters, blood management, urology, dialysis, diagnostics, and pediatrics.

Observation

Stock making Higher High, higher low, stock taking support 20-day ema with open marabuzu and rising trend line candlestick pattern. RSi 60 level breakout

Let's touch fundamentals

• ROCE - 23.6%
• ROE - 19%
• Debt to equity - 0.06
• PE - 103
• Promoter Holding - 62%
  
• Public holding - 13%
• Promoter Holding Pledge - zero

• Weekly chart
• Higher High, Higher Low

1. Adani Group said its companies have enough cash to meet debt obligations, days after a U.S. indictment against founder Gautam Adani sparked a multibillion-dollar selloff in the Indian conglomerate's stocks.The group said Monday that each of its portfolio companies has sufficient liquidity to cover all debt-servicing requirements for at least the next year.Adani Group stocks fell sharply last week following news that its billionaire founder was charged by the U.S. Justice Department in a bribery scheme.

2. Indian technology company LTIMindtree has incorporated a joint venture company in Saudi Arabia named 'LTIM Aramco Digital Solutions for Information Technology, according to a Sunday filing to the stock exchanges.

3. Nippon Life India Asset Management (NSE:NAM/INDIA, has agreed to purchase a commercial office space in Lower Parel, Mumbai, India for 4.86 billion Indian rupees, according to a stock exchange filing on Thursday.

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Mon Nov 25, 2024