Saturday, April 25, 2020

Healthcare Global Enterprises Ltd (HCG ) – Will it get benefited from COVID 19


Healthcare Global Enterprises Ltd (HCG )   closes   at ₹ 70.20   with  a  Loss     of    - 1.90 %   on    25-April-2020   with formation of  a  RED Candle    on Daily  Price Chart.
Why On Focus: Healthcare Global Enterprises Ltd (HCG ) has received permission from Drug Controller General of India to study the effectiveness of Plasma therapy to improve the conditions of seriously ill  Covid-19 patients & it has started trails on 10 patients & expected to complete the investigations in next our weeks.
Valuations :  Healthcare Global Enterprises Ltd (HCG ) has posted a loss of Rs. 25 Cr in FY2019 and it will  widen to Rs.68.9Cr in FY20 and seen reductions in Losses to Rs.55.5Cr in FY21 & Rs.24.9Cr in FY22.
Since it’s a loss making company, we express our inability to Value the Healthcare Global Enterprises Ltd (HCG ), since our proprietary model values only Profit making Companies.
Disclaimer : We are / may going to take exposure shortly.
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