Categories: Weekly Pick

Weekly Picks 27th May 2024

1. DIVISLAB LTP 4,116

CounterDIVISLAB LTP 4,116
CallBuy on dip
Target 14,300
Target 24,400
Stop Loss3,900
Time Horizon2-3 weeks
Notes50% at dip near 4,074

DiviS Laboratories Ltd specializes in manufacturing Active Pharmaceutical Ingredients (APIs) and intermediates. In a short span, the company has significantly expanded its operations, offering comprehensive turnkey solutions to the Indian pharmaceutical industry. They are dedicated to developing alternative, patent-non-infringing processes for APIs, assisting inventors in managing late life cycles, and supporting leading generic drug manufacturers. Their product range includes Bupropion HBr, Bupropion HCl, Capecitabine, Carbidopa, Desloratadine, Dexlansoprazole/(R)-Lansoprazole, Irbesartan, Levodopa, Niacin, Sibutramine HCl, Valacyclovir HCl, Valsartan, Venlafaxine HCl, Verapamil HCl, Vigabatrin, and Zolpidem Tartrate, among others.

Previous Close4,113.0TTM EPS52.10
52 Week High4,175.0TTM PE79.12
52 Week Low3,051.0P/B9.33
Sector PE45.83Mkt Cap (Rs. Cr.)1,09,436
(Source: Moneycontrol, BSE, Fisdom Research)

Technical Outlook

(Source: Fisdom research)

  • DIVISLAB gave a technical “Symmetrical Triangle” pattern break-out on the higher-end and prices sustained above the breakout levels on the weekly chart.
  • The counter on the daily chart has also witnessed a breakout of a bullish cup and handle pattern with above-average volumes.
  • The counter is trading above its 21, 50, and 100 Exponential moving averages on the weekly chart confirming its overall performance.
  • The momentum oscillator RSI (14) has formed a double bottom pattern at 45 levels and moved higher above 60 levels with a bullish crossover on the weekly scale. The MACD indicator is reading above its line of polarity on the weekly scale.
Invest Now

2. APLAPOLLO LTP 1,695

CounterAPLAPOLLO LTP 1,695
CallBuy on dip
Target 11,840
Target 21,920
Stop Loss1,550
Time Horizon2-3 weeks
Notes50% at dip near 1,660

APL Apollo Tubes Ltd is a leading manufacturer of steel pipes and tubes. Their product portfolio includes MS Black Pipes, Galvanized Tubes, Pre-Galvanized Tubes, and Hollow Sections, which are utilized in various structural applications such as household structures, solar plants, agricultural structures, engineering, and greenhouses. The company operates in a single segment focused on the production of ERW steel tubes and serves the Indian market exclusively.

Previous Close1,697.1TTM EPS26.39
52 Week High1,800.0TTM PE64.20
52 Week Low1,047.0P/B22.42
Sector PE30.9Mkt Cap (Rs. Cr.)47,019
(Source: Moneycontrol, BSE, Fisdom Research)

Technical Outlook

    (Source: Fisdom research)

  • APLAPOLLO gave a technical “Ascending Triangle” pattern break-out on the higher-end and prices sustained above the breakout levels on the weekly chart.
  • The counter on the daily chart has also witnessed a breakout of a horizontal trend line with above-average volumes.
  • The counter is trading above its 21, 50, and 100 Exponential moving averages on the weekly chart confirming its overall performance.
  • The momentum oscillator RSI (14) has given a horizontal trend line breakout above 60 levels with a bullish crossover on the weekly scale. The MACD indicator is reading above its line of polarity on the weekly scale.
Invest Now

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