Ranbaxy – A stock to keep on radar.

15 Comments

1. 

   bhanu
   May 25, 2012

   hi nooresh,

   Are you tracking Indraprastha Medical Corporation? sometime back you did reco on this stock (2009) i guess..

   -bhanu

   Reply
   1. 

      Nooresh
      May 26, 2012

      Hi Bhanu,

      Yes i was pretty bullish on the sector. We did see some smart moves in fortis ptl and apollo post that. Indraprastha medical good dividend and track record but price appreciation is missing so take your own call on it.

      Reply
2. 

   Hari
   May 26, 2012

   What the hell is radar ? ?

   Reply
3. 

   knichi
   May 27, 2012

   This is definitely a “Sell in May and go away”. This time it did not turn out opposite as was expected. Now the times will be bad till October and then one can look at the market.

   Reply
4. 

   Kaushal
   May 28, 2012

   cup and handle also forming?

   Reply
5. 

   Sandeep
   May 29, 2012

   Hi Nooresh,

   I have just entered the script @535 (including brokerage). Any targets???

   Reply
6. 

   Sandeep
   June 2, 2012

   Hi Nooresh,

   Ranbaxy is trading around 492.. 8% down .. should I hold/average/sell …???

   Reply
   1. 

      Nooresh
      June 3, 2012

      Hi Sandeep,

      You can hold on and wait for a strong close above 530 for a few days to buy. It was supposed to be a stock to be caught in momentum.

      Reply
      1. 

         Sandeep
         June 8, 2012

         Hi Nooresh,

         I have averaged my Ranbaxy price to 514 today. I am confident on your analysis.
         Regards,
         Sandeep

         Reply
      2. 

         Sandeep
         June 9, 2012

         Hi Nooresh,

         I have averaged ranbaxy to 514. i hav full confidence on your analysis.

         Regards,
         Sandeep

         Reply
         1. 

            Nooresh
            June 10, 2012

            Hi Sandeep,

            The analysis mentions a buy on sustained closing above 530. The stock did not do that. For now we have initiated a buy around 480-485 with a stop of 470.

            Reply
            1. 

               Sandeep
               June 12, 2012

               Hi Nooresh,
               I too entered 1st @535 and then @493. but leave outperform, the pharma stocks (Lupin,Divi,Dr Readdy etc) are not taking part in the rally that is happening. ????

               Regards,
               Sandeep

            2. 

               Nooresh
               June 12, 2012

               Yes sustained closing below 470 will take a stop hit. Defensives getting out of favor

            3. 

               Sandeep
               August 3, 2012

               Hi Nooresh,

               What is your take on Ranbaxy now. It has moved from those 475 levels to 510 now.

               Regards,
               Sandeep

            4. 

               Nooresh
               August 6, 2012

               Hi Sandeep,

               The view remains positive on the stock till it holds above 470. On the upside 515/535 are critical resistances.

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