MOMENTUM SWING IDEA 15 FEB 24

Balaxi Pharmaceuticals Ltd| MOMENTUM SWING IDEA 15 FEB 24

Balaxi Pharmaceuticals Ltd is an IPR-based pharmaceutical Company engaged in producing, stocking, selling, and supplying branded and generic medicines

Financial: strong
Market Cap =₹ 639 Cr. ROCE = 38.5 % ROE = 32.2 %

Debt to equity = 0.12 Promoter holding = 71.2 %

Quick ratio = 1.40 Current ratio = 2.93

Profit Var 3Yrs = 96.0 % Sales growth 3Years =94.6 % Return on assets = 22.1 %


This is pharma sector stock with strong fundamental. Pharma sector is in momentum so I select this stock to ride. Rsi is also showing positive trend. lets see how market recognize it.

Note: I am not SEBI registered financial Adviser. I solely present my views on chart .I do not charge any kind of service. This is not buy sell recommendation.

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