Auropharma Share Price
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AUROPHARMA Share Price Update

SELL: AUROPHARMA Share Price Update

SELL : AUROPHARMA Share Price Update

About : Aurobindo Pharma Limited

AUROPHARMA or Aurobindo Pharma Limited is a pharmaceutical manufacturing company headquartered in HI-TECH City, Hyderabad, India. The company manufactures generic pharmaceuticals and active pharmaceutical ingredients. Founded in 1986 by Mr. P. V. Ramprasad Reddy, Mr. K. Nityananda Reddy and a small group of highly committed professionals, Aurobindo Pharma was born of a vision.

The company commenced operations in 1988-89 with a single unit manufacturing Semi-Synthetic Penicillin (SSP) at Pondicherry. Later on, Auropharma became a public company in 1992 and listed its shares on the Indian stock exchanges in 1995. In addition to being the market leader in Semi-Synthetic Penicillins, it has a presence in key therapeutic segments such as neurosciences, cardiovascular, antiretrovirals, anti-diabetics, gastroenterology and antibiotics, among others.

Aurobindo Share Price Update

Auropharma share price was in uptrend from 6 Jun’18 to 30 Apr’19. After that came in down trend. Stock has lost its value by more than 27% in last two months. On 21 Jun’19 Aurobindo Pharma got warning letter from USFDA for its Andhra facility, you can read more about it here. Stock is still in downtrend with no positive news or sentiments in the market. Also, the Technical Indicators like Relative Strength Index & Moving Average Convergence/Divergence are in deep negative zone. Likewise, stock is moving below 200, 50 & 21 Day Moving Average. Therefore, It is likely to see few more selling sessions on the stock. So, Trades who are holding this stock in their portfolio with little loss, should get out of it & people can look for a short opportunity on the stock. Above all, Risk-to-Reward for this opportunity is 1:1.6 which is a good ratio to trade for.

Current Price : 608
Target Price : 585
Stop Loss : 622

View on Last Trading Tips

My previous call on PC Jeweller is evolving & will hit the target soon. Stock was stable on the price with neutral sentiments. However, it is more likely to fall in near future. If you are also looking for a good opportunity to earn from Stock Market, you can follow the blog and let us know if you want to discuss your portfolio as well. There is no charge of any learning or stock ideas.

Note: Above mentioned Stock Tips are based on Technical or Fundamental Analysis. However, Stock market is always volatile and risk is always inclusive in the investment. Author is not liable for any losses.

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