Shilpa Medicare Ltd., incorporated in the year 1987, is a Small Cap company (having a market cap of Rs 4490.50 Crore) operating in Pharmaceuticals sector.
Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 214.94 Crore, up 7.55 % from last quarter Total Income of Rs 199.85 Crore and down -6.10 % from last year same quarter Total Income of Rs 228.90 Crore. Company reported net profit after tax of Rs 7.96 Crore in latest quarter.
Investment Rationale
The stock has resumed its upward journey after breaking out of a bullish flag pattern on good volumes. Further, a sustained trade beyond Rs 560 will take it higher to levels of Rs 605 in the coming sessions. RSI has also turned upwards from 58, confirming strength dominant in the stock
Promoter/FII Holdings
Promoters held 53.8 per cent stake in the company as of June 30, 2020, while FIIs held 26.5 per cent, DIIs 13.52 per cent and public and others 0.8 per cent.
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