Strides Pharma Science Ltd up by 13.55% | Espresso Market Updates

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Espresso shot of the day – Strides Pharma Science Ltd up by 13.55 percent

February 02, 2021
Espresso shot of the day – Strides Pharma Science Ltd up by 13.55 percent

Strides Pharma Science Ltd 908.55 (+13.55%)  BSE –INE939A01011 | 2nd FEB 2021

Binge Image

Strides Pharma Science Limited was incorporated in 1990, Strides Pharma Science Limited is a global pharmaceutical company headquartered in Bangalore, India. The company has two business verticals, which is- Regulated Markets and Emerging Markets. Strides Pharma Science Limited has a global manufacturing footprint with eight manufacturing facilities spread across four continents, including five US FDA approved facilities and two facilities for the rest of world markets .The company has a dedicated R&D facility in India with global filing capabilities and a strong footprint across 100 countries.

Recent Drivers

  • Strides Pharma Science Limited will hold a meeting with the board of directors of the company on 4 February 2021 to announce third quarter result.
  • Strides Pharma Science Limited has received approval from the US health regulator to market generic Ursodiol capsules, used in the treatment of Primary Biliary Cirrhosis (PBC), in the American market.
  • The company has also received approval from the US health regulator for Emtricitabine and Tenofovir Disoproxil Fumarate tablets, used to treat HIV.
  • Aditya Puri, former MD of HDFC Bank joined as advisor to the Strides Group & Director of Stelis Biopharma
  • In November, the company has received approval for Prednisone Tablets from US FDA.
  • Net Sales at Rs 793.56 crores in September 2020 up| 10.97% from Rs. 715.09 crores in September 2019.
  • Quarterly Net Profit at Rs 80.94 crores in September 2020
( Sources: Moneycontrol, BSE, Business Standard, Business Line )

Technical Force*

  • S&P BSE 500 month till date gain up by 2.37%
  • Spurt in volume by more than 3.76 times compares to previous vol. 2 week average quantity(Lk)-0.40
  • Stock price has jumped more than 100% in one-year low level – 268.0, 20 MAR 20
  • Daily RSI (14) crossed above central line today
  • 52- week high – 1000 | 52- week low – 271

 Key Pivot  (Yearly)

R4

R3

R2

R1

PP/FIB PP

S1

S2

S3

S4

Pivot Point

-

1769.08

1348.17

1112.83

691.92

456.58

35.67

-

-

Fibonacci Pivot

1348.17

1097.48

942.60

842.85

691.92

540.98

441.23

286.35

35.67


Today’s Close

908.55

SMA

BSE

10 DAY

851.96

20 DAY

892.65

50 DAY

839.59

200 DAY

612.83


Some Key Ratios (Source: BSE)

Market Cap: 8,143.83 crores

PE: 140.75

OPM%: 11.28

ROE%: 1.81

Prev. Close: 800.15

* 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.