Ranbaxy!!!! any IDEAS??

#1
Hi:

Any Idea on near future's performance of Ranbaxy???
I have them, what should be our target price to pull out!
Please advise.

Bond
 

Traderji

Super Moderator
#2
Desibond said:
Hi:

Any Idea on near future's performance of Ranbaxy???
I have them, what should be our target price to pull out!
Please advise.

Bond
So far this stock is in a correction. However oen will have to wait and see the market action in the coming few days to come to any conclusion.
 
#4
Hi,
ranbaxy remains a blue chip in ne long term investment portfolios.
The company is trying to make headways in US generics market,facing resistance thru litigation..
This has impacted its bottomline
But the company continues to stress on its R&D division which will help it show improvement in Fy07 with launch of its products.

In the other international markets it is growing thru inorganic growth..Hence a true global presence

Technically the scrip has faced resistence at rs 400

Presently close to that..if it manages to go beyond that u may set targets at higher price but amitda has mentioned in one of his posts recently that it may be in for some more correction..

Hard call since dont know much of ur entry point of investment horizon..


Regards
ML
 
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