Wednesday, April 29, 2020

Strides Pharma Science Ltd – Drug to treat Covid-19 ( Now Available at Discount )


Strides Pharma Science Ltd  closes   at ₹ 449.10  with  a  Gain     of    + 20 %   on    29-April-2020   with formation of  a  Green  Candle    on Daily  Price Chart.
Why to Consider it ?  The Company is to apply to Indian Drug Authorities to start necessary studies and make the drug available to patients in the country expeditiously for Covid-19.
Source : Media News
Valuations  : We are expecting that company will  post PAT of Rs. 262.10 Cr in FY2020  , Rs.345.6 Cr in FY 2021 & Rs. 434.80 Cr in FY 2022.
Company is now Trading at X1.3 of its Value. If we consider the above earning , it is Trading at X0.95 of its FY20 earnings ( Discount of ~5% ) & X0.72 of its FY21 earnings ( Discount of ~28% and X0.57 of its FY2020 ( Discount of ~47% )
Disclaimer : We are / may going to take exposure shortly.
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