Zydus Wellness Ltd up by 3.07%: Traders Market Update | Espresso

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Espresso shot of the day – Zydus Wellness Ltd up by 3.07 percent when SENSEX was down by 1.74 percent

March 24, 2021
Espresso shot of the day – Zydus Wellness Ltd up by 3.07 percent when SENSEX was down by 1.74 percent

ZYDUS WELLNESS LTD 1970.95 (+3.07%)  BSE – INE768C01010| 24TH MARCH 2021

With the launch of India’s first zero calorie replacement of sugar, called Sugar Free, in 1988, Zydus Wellness Ltd. began its journey as is India’s leading consumer Wellness Company. Since then, they have grown into a larger business, spanning the entire wellness spectrum with seven power brands - Sugarlite, Complan, Sugar Free, Glucon-D, Everyuth, Nycil and Nutralite.

Recent Drivers

  • On 24th March 2021, Drug firm Cadila Healthcare (Cadila Healthcare holds a majority stake in Zydus Wellness Ltd.) said Zydus Wellness Ltd. has reduced the price of Remidisivir, used for treatment of COVID-19, by over two-third. Zydus Wellness Ltd.has made its brand of Remdesivir, Remdac more affordable at Rs 899 for a 100 mg lyophilized injection from Rs 2,800 at the time of its launch in August last year
  • On 21st March 2021, Zydus Wellness Ltd. targets B2C segment with its ghee brand with a focus on grabbing a bigger share of the packaged food business, Zydus Wellness Ltd. is targeting the ghee segment.
  • Renuka Ramnath-led homegrown private equity firm Multiples Alternate Asset Management and Canadian pension fund giant CPPIB (Canada Pension Plan Investment Board) have teamed up to emerge as the lead contenders to acquire Cadila Healthcare’s (also known as Zydus Cadila) animal healthcare business.
  • On 24th February 2021, Sentynl Therapeutics, US-based specialty pharmaceutical company owned by the Zydus Cadila group announced it has entered into an agreement to buy Cyprium Therapeutics’ Copper Histidinate drug candidate CUTX-101 for the treatment of Menkes disease.
  • Zydus Wellness Ltd. quarterly net loss at Rs 132.92 crores in December 2020 down 3343.52%
  • Zydus Wellness Ltd. net sales at Rs 37.70 crores in December 2020 down 11.42%
(Sources: MoneyControl, The Hindu Business Line, Business Today)

Technical Force*

  • S&P BSE ALL CAP month till date gain up by 0.29%
  • Spurt in Volume by more than 4.99 times compared to previous vol. 3 months avg qty – 2,341
  • Quantity traded 6,547 Deliverable quantity 5,928(90.55%)
  • Stock price has jumped more than 85% from one year low level – 1070, 13 March 2020
  • Daily RSI (14) is in overbought territory today
  • 52 -week high – 2,217.55 | 52- week low- 1,155

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

3274.60

2649.95

2319.30

1694.65

1364

739.35

408.70

-

Fibonacci Pivot

2649.03

2285.03

2059.57

1914.37

1694.65

1474.93

1329.73

1104.27

739.35


Today’s Close

1970.95

SMA

BSE

10 DAY

1888.21

20 DAY

1894.12

50 DAY

1915.08

200 DAY

1751.26

Some Key Ratios (Source: BSE)

Market Cap: 12,541.58 crores

PE: -70.53

OPM%: -350.11

ROE%: -4.27

Promoters holding : 64.82

Prev. Close: 1912.20

*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.