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Espresso shot of the day – Shilpa Medicare Ltd up by 11.90 percent)

Espresso shot of the day – Shilpa Medicare Ltd up by 11.90 percent

May 17, 2021

SHILPA MEDICARE LTD 509.55 (+11.90%) BSE – INE790G01031 | 17TH MAY 2021

Shilpa Medicare Limited (SML) started its operations as API manufacturer way back in 1987 at Raichur, Karnataka- India. The commercial production in the SML was started in November 1989. Today Shilpa Medicare Limited is a global brand in manufacturing and supplying of affordable API and Formulation globally in different regulated markets.

Recent Drivers

  • On May 17, 2021, Shilpa Biologicals Pvt Ltd. (SBPL), a wholly owned subsidiary of Shilpa Medicare Limited, has entered into a three-year definitive agreement with Dr Reddy's Laboratories Ltd (DRL) for the production - supply of the Sputnik V vaccine from its integrated biologics R&D cum manufacturing centre at Dharwad, Karnataka.
  • On April 7, 2021, a company executive told Reuters, that Shilpa Medicare Limited has the production capacity to make 100-200 million doses of a recombinant vaccine for COVID-19.
  • On March 4, 2021, Shilpa Medicare Limited received USFDA (The United States Food and Drug Administration) tentative approval for its ANDA, Apremilast Tablets, 10 mg, 20 mg, and 30 mg.
  • On March 3, 2021, Shilpa Medicare Limited entered into the gynecology segment by launching ‘SwatchShil’.
  • Shilpa Medicare Limited reported quarterly net profit at Rs 16.88 crores in December 2020.
  • Shilpa Medicare Limited reported net sales at Rs 171.30 crores in December 2020.

(Sources: Moneycontrol, CNBC TV 18, Business Standard)

Technical Force*

  • S&P BSE 500 month till date gain up by 2.49%
  • Spurt in volume by more than 11.73 times compare to previous volume. 3 months avg. volume of NSE: 6,61,506
  • Quantity traded: 4,05,024 | Deliverable quantity: 95,036 (23.46%)
  • Stock price has jumped more than 55% from one year low level: 317.05 | March 19, 2021
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 692.45 | 52-week-low: 317.05

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

1133.85

913.15

681.70

461

229.55

8.85

-

-

Fibonacci Pivot

913.15

740.43

633.72

564.99

461

357.01

288.28

181.57

8.85


Today’s Close

509.55

SMA

BSE

10DAY

448.17

20 DAY

433.21

50 DAY

387.65

200 DAY

461.07

Some Key Ratios (Source: BSE)

Market Cap: 4,154.20 crores

PE: 17.21

OPM%: 20.64

ROE%: 13.53

Promoters holding%: 53.25

Prev. Close: 455.35

*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.