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Poly Medicure Ltd June 29 ,2 0 21

Queries
Medical Specialties Entry Price: Rs.1023- Rs.1030 infosquarExchange@gmail.com
Symbol: POLYMED Target Price: Rs. 1340
Recommendation: BUY Upside: 30.09%

Trading Strategy
COMPANY STATISTICS Below are the main technical and fundamental drivers behind trading POLYMED:
Market Cap (Rs Bn): $96.29  Moving Average Breakout – After reaching all time highs in late-May, the stock
52-Week Range: 285.30-1020 has experienced a minor correction. The stock has found strong support at the
100-day EMA with Rs.870- Rs. 815 acting as pivotal support levels. Following the
Dividend Yield: N/A
support, the 9 day EMA has broken above the 50 day and 26 day EMAs with
Revenue (Rs. Mn): 7.864 heavy volume.
EPS (TTM): 15.24  Relative Strength Index– The stock is making higher lows, but the RSI has been
P/Sales: 11.57x trailing with lower lows on the 1D time interval. This divergence acts as an early
indication of a strong incoming move.
P/E (TTM): 67.56x
P/Book (TTM): 9.51x
 Resistance Level Breakout – The stock faces strong resistance between Rs.975-
Rs. 1020 levels. A strong breakout followed by the stock sustaining above these
Equity Beta: 0.24 levels can provide an ideal entry point.
Shares Outstanding (in Mn): 91.4
Trading Thesis
 Entry Price: Rs. 1023 – Rs. 1030
 Price Target: Rs. 1340
 Stop Loss: Rs. 815
 Time Period: At least a quarter

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