( Recommended in SAKAL NEWS PAPER. Arthvishwa ) : 11th May 2009
Orchid Chemicals & Pharmaceuticals Ltd : Rs 109.15
Notables observes :
- Orchid Chemicals & Pharmaceuticals Ltd (Orchid) is a globally recognized, integrated pharmaceutical company with core competencies in the development and manufacture of Active Pharmaceutical Ingredients (APIs) and Finished Dosage Forms as well as in drug discovery, which was incorporated on 1st July 1992 as a 100% Export Oriented Unit (EOU)
- Orchid has two manufacturing sites for APIs (at Alathur near Chennai and at Aurangabad, near Mumbai) and three manufacturing sites for Dosage forms (at Irungattukottai and Alathur in Chennai), besides two R&D centres (at Sholinganallur and Irungattukottai, Chennai), all are state-of-the-art and have several international regulatory approvals, including the US FDA and UK MHRA.
- Orchid's API facilities are ISO certified for their quality, environmental management and operational health and safety systems.
Share Holding Pattern :
- Promoters : 21.18 %
- Public : 74.24%
- Custodians : 4.58 %
Technical Overview :
- The stock On Day Chart has given an "Flag Breakout" with huge volumes, indicating the stock to outperform in short term.The stock is recommended to buy cmp Rs 109.15 with Short term view.
Support Levels :
- Support 1 : 105
- Support 2 : 99
Stoploss : 87 on closing basis.
Targets :
- Target 1 : 125
- Target 2 : 132
- Target 3 : 156
Period : 2 to 3 months.