Brokerages slash target price on Ipca Labs stock on poor Q4 show, see 9% downside
Motilal Oswal sees a challenging outlook in Ipca Labs' branded generic exports segment.
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Motilal Oswal sees a challenging outlook in Ipca Labs' branded generic exports segment.
Ipca Laboratories saw a breakout of downward sloping resistance trendline adjoining highs of December 5 last year and January 12 this year. The stock formed strong bullish candlestick pattern on the daily charts with healthy volumes.
On August 3, Thursday, StockEdge data revealed that over 50 stocks were trading in an overbought zone. ETMarkets has handpicked 10 such stocks from the pack, providing an interactive and informative analysis in this article.
Stocks to watch: Shares of firms like RailTel, Indian Hotels, Cipla, Airtel, Indian Oil, Marico, and others will be in focus on Friday's trade.
IPCA Labs shares: Company says it takes quality and compliance issues with 'utmost importance'