Natural Capsules Ltd Trend AnalysisIt is the 2nd largest Indian manufacturer of gelatin capsules with almost three decades of experience in the industry.
NCL is geared to bring about monumental changes in its approach towards its business.
With the ongoing CAPEX, the Company is enabling itself to become the market leader in capsules business and positioning itself as a dominant player in the domestic steroidal API market.
Zero Liquid Discharge manufacturing facility means minimal threat to environment.
OPM % was hit due to shortage of raw material leading to higher pricing.
Production was also affected due to this leading to reduced sales.
Robust expansion plans with huge CAPEX considering a microcap company.
Price has been in a downtrend since more than a year which also syncs with reduced sales and net profitability.
The rounding base pattern suggests price has almost reached bottom.
Better to buy at the breakout of triangle pattern or accumulate between 310-350 levels for the following targets:
Short term target @ 550 (62 % ROI)
Medium term target @ 810 (139 % ROI)
Long term target @ 1020 (201 % ROI)
Do your own due diligence before taking any action.
Peace!!
