Chart Idea on J.B. Chemicals and Pharmaceuticals Ltd. (NSE SYMBOL : JBCHEPHARM)
J.B. Chemicals and Pharmaceuticals Ltd. (JBCHEPHARM) is one of India’s leading Pharmaceutical companies. An integrated, public listed organization with a focus on supplying affordable, quality products both in India and International markets.
Fundamental Analysis
The company is effectively using its capital to generate profit (ROCE is improving in the last 2 years), and also effectively using its Shareholders fund (ROE is improving for the last 2 years).
Growth in Net Profit with increasing net profit margin.
Strong Cash generating ability from core business
Book Value per share is improving for the last 2 years.
Technical Analysis
The stock has given breakout from the parallel channel on the daily chart. . Relative Strength Index is showing positive momentum in the stock. Oscillator like Average Directional Index (ADX) is showing strength.
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Trading Strategy on J.B. Chemicals and Pharmaceuticals Ltd. (JBCPL)
Traders and Investors can enter around 1870 levels for the upside target of 1940 and then to 2000 levels in the days to come. Support and stop-loss remain at 1700 levels on a closing basis.
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| 28th Sep 2021
J B Chemicals and Pharma Target Update
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