Espresso shot of the day – FDC Ltd up by 6.82 percent

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Espresso shot of the day – FDC Ltd up by 6.82 percent

September 13, 2021
Espresso shot of the day – FDC Ltd up by 6.82 percent

FDC LTD 369.40 (+6.82%) BSE – INE258B01022 | 13TH SEPTEMBER 2021


“The journey of a million miles begins with a small step." A young visionary, Anand Chandavarkar, in the backdrop of India's independence struggle, dreamed of building a world-class company. His vision of freedom was to create, to build and to industrialize in order to make the nation self-reliant in healthcare. With this aim in mind, a partnership firm was incorporated in 1936. In 1940, this partnership firm was incorporated as a private limited company:  Fairdeal Corporation (Private) Limited and in 1986 its name was changed to FDC Private Limited.

Recent Drivers

  • On Sept 12, 2021, the Sunject Expert Committee (SEC) of the Central Drugs Standard Control Organization (CDSCO) has given its nod to Pharma major Glenmark Pharma for manufacturing and marketing of an anti-diabetic Fixed Dose Combination (FDC) drug comprising of Remogliflozin etabonate, Vildagliptin and Metformin.
  • The company reported revenue at 444.96 crores in July 2021.
  • The company reported net profit of 100.11 crores in July 2021.
  • On July 12, 2021, Pharma firm FDC Ltd. said it has launched oral suspension of Favipiravir to treat mild to moderate cases of COVID-19 in the country.
(Sources: The Hindu Business Line, BSEIndia.com, Medical Dialogue)


Technical Force*

  • S&P BSE 500 month till date gain up by 1.96%
  • 3 months avg. NSE volume: 5,08,070
  • Quantity traded: 86,657 | Deliverable quantity: 37,603 (43.39%)
  • Stock price has jumped more than 40% from one-year-low level: 260 (Mar 19, 2021)
  • Daily RSI (14) is in Oversold territory today
  • 52-week-high: 404.9 | 52-week-low: 260

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

 630.40

504.20

418.05

291.85

205.70

79.50

-

    -

Fibonacci Pivot

504.20

423.08

372.97

340.69

291.85

243.01

210.73

160.62

    -


Today’s Close

369.40

SMA

BSE

10 DAY

347.48

20 DAY

344.50

50 DAY

358.31

200 DAY

328.31


Some Key Ratios (Source: BSE)

Market Cap: 6,235.84 crores

PE: 20.51

OPM%: 30.9

ROE%: 17.65

Promoters holding%: 69.35

Prev. Close: 345.8

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.