WANBURY closes at ₹ 18.02 with a fall of -1.10 % on 07-Feb-2020 with formation of a SmallRed Candle on Daily Price Chart. Technically WANBURY is Trading below its 45 DMA and in long downtrend since 2017.
About the Company : Wanbury is engaged in the business of pharmaceutical and related activities, including research.
Valuations : WANBURY has posted Profit in Sep-2019 after a long period. Total Revenue has increased to 109.7Cr with OPM increase to 13.73%. Net Profit has increased to Rs.5Cr. Employee expenses has reduced to Rs.17.4 Cr. Cost of Raw material consumed has also increased to Rs.39.40 Cr. Promotor’s holdings is 54.93 % with 76.76% Pledged.
Why Buy : Cipla to acquire nutrition products portfolio of Wanbury. Read the News @ https://www.business-standard.com/article/pti-stories/cipla-acquires-4-nutrition-brands-from-wanbury-120020800518_1.html
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We may BUY / Accumulate WANBURY at CMP or Lower level
Target : ₹ 70-80
Stop: Loss : ₹ Nil ( Accmulations Basis)
Time Frame: 12 Months
Red Flag : Promotors Pledged is at higher side(76.76%)
Disclaimer : We are / may going to take exposure shortly.
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