Buy Ranbaxy Laboratories

Ranbaxy Laboratories Share tipsPINC Research has recommended for buy Ranbaxy Laboratories share with a target of Rs 792, in its August 12, 2010 research report.

PE = 32.72 – 12/08/10
EPS = 13.61
Face Value Rs= 5
Last bonus = 3:5 -18/07/02
Company provide 120% dividend.

Our technical view on Ranbaxy Laboratories LTD

Ranbaxy 52 week high is 538 and 52 week low is 262,

This share technically strong , but it is contain resistance in 455- 467 level if this stock close above 469 it will bull up to 530 level (short term target).


530-540 level is a strongest resistance for this stock,


If this stock close below 536 it will down up to 407 -403 it is best buyable price,


Note;
400- 392 level is a very strongest support zone for Ranbaxy, if close below 392 it will down up to 310 and 260 level.

Important Competitors for RANBAXY

Cipla Ltd J B Chemicals & Pharamaceuticals Ltd , Piramal Healthcare Ltd ,Unichem Laboratories Ltd , Alembic Ltd.

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