Last time we gave Recomedation on Generic Pharmasec Ltd It did 2 target of Rs 13.1/13.6 closed above 13. Comign Week as we closed above the psycological level of Rs 13 and saw a Decent volume in last week,rally can continue further.
We have seen an increase in Volumes in last 4 trading session. Technically Stocks Looks Ripe for a Breakout above 13-13.1 Range for a short term rally till 14/14.4 odd levels which gives us upside of 10-15%.
Fundamnetally Stock has a Tie up with Abbot India Ltd. (Click on the Link to Read More about the update) Abbott Laboratories is an American worldwide health carecompany with ,revenues over $30.5 billion.
Also with COVID Vaccine distribution Stock will play a vital role in distribution which can add to both topline and bottomline.
Short Term Traders can go long in range of 13-13.1 with SL of 12.3 on Closing basis for a target of 13.6/14 in 2 Weeks Time Frame
The above Stocks is not investment pick as I am not expert in Fundamental analysis but a short term pick for gain of 8-10 % purely based on Technical Analysis.Please also do your own study before trading this stock and trade in small quantity also be strict with Stoploss.