Hot Chips - Stock Recommendations For Your Portfolio
11/15/2012 9:00 PM Thursday
DSIJ selects 2 aggressive stocks picks in every issue, with a 7-15 day horizon based upon the bullish trend during that period. For this issue, we are recommending companies from the Healthcare and Engineering sectors.
BSE CODE: 532612 | Volume: 7375 | CMP: Rs 66
With a strong brand portfolio of 120 products across various therapeutic segments and its top 10 brands contributing to about 60 per cent of its domestic sales, Indoco Remedies can emerge as a dark horse in one’s portfolio. The company is looking forward to expanding its presence in other regulated markets, and has signed an agreement with US-based Watson Pharma with this in mind. It has filed for 13 ANDAs, eight of which were filed under the Watson deal. It intends filing another four-five ANDAs in FY2013. The agreement with Aspen Pharma will give it access to 30 emerging markets across the globe. It is planning to increase its rural penetration by launching more than 20 new products every year, primarily on the chronics side. It is investing around Rs 50 crore in the Patalganga facility and hopes to receive FDA approval for it going forward, which will be value accretive in the future. One can look at the scrip from a medium-term perspective.
|Last Seven Days’ Volume Table (No. of Shares)|
|01-Nov-12 ||15268 |
|02-Nov-12 ||28754 |
|05-Nov-12 ||33284 |
|06-Nov-12 ||9701 |
|07-Nov-12 ||12569 |
|08-Nov-12 ||28878 |
|09-Nov-12 ||7375 |
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