InvestorQ : Granules IN can recover from bearish pattern to achieved target of 430 Rs Given by all Brokers?
Paras Sureshbhai Chachadi made post

Granules IN can recover from bearish pattern to achieved target of 430 Rs Given by all Brokers?

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Anjana Aiyar answered.
2 months ago
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Granules touched a peak level of Rs.438 but has since corrected sharply to Rs.308 levels. Most brokers had recommended the stock on the grounds that it is one of the leading manufacturers of capsules and that was likely to hold them in good stead in the coming quarters. However, the stock has disappointed in the last few months.

The recommendation was made on a strong order pipeline and also reasonable valuations. Now the stock is available at less than 12 times historic valuations which makes the stock extremely attractive and one of the best bets in the pharma space. This stock may not generate great returns in the short run but in the longer time horizon of 2-3 years it can be a multibagger.

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