Should we buy biofil chemicals & pharmaceuticals ltd?


Should we invest in biofil chemicals & pharmaceuticals ltd now ? will the stock rise again ? 

 

Company Info –
Biofil chemicals  is a private limited company who manufactures pharmaceuticals products.
Company is always endeavor to enhance the stakeholder value and bring valuable difference in people’s life considering that motive in the mind Company entered into business partnership with HLL Lifecare Limited (Formerly Hindustan Latex Ltd) an undertaking of Government of India. As per the agreed terms Company has provided manufacturing facility to HLL Lifecare Limited for manufacturing of Iron and Folic Acid Tablets (IFA) and other Pharmaceuticals products as required by HLL.
Was founded in the year 1985 by honourable Shri Ramesh S Shah.
visit official website

Company fundamentals – 
Biofil current stock price – 84 rs
market cap – 142 cr
ROCE – 10%
EPS – 0.31 rs
OPM – 19.12%.
analyse biofil at screener.in

 

Biofil’s Rise –
Biofil chemicals stock price was boosted by the bulls during the period of covid-19. All pharma stocks were in a bull rally biofil chemicals was one of them.
The company’s past performance rallied the stock price from 12 rs to 356 rs which is more than 30 times.
The biggest reason for the rally was their good performance from past 2 quarters and covid-19 was already a reason.
On 11th of December the stock hitted 356 rs mark with consitent upper circuits from 200 rs to 356 rs and from the same day the stock price started to fall, as the stock price got over valued many investors started to book profits.
In around 20 days time span the stock price falled from 356 rs to 174 rs which is less than 50%. Many investors were trapped at high.

 

Will Biofil chemicals rise again –
There are very high chances of seeing the same rally as before because the main reason of stock crash is profit booking of investors, As the stock rallied because of covid-19 and companies good performance, it consistently went up without consolidations.
Biofil chemicals & pharmaceuticals ltd can get a green rally in the company performs well in fy 2021-22.
There are many people who are trapped at high levels in biofil, we will recommend not to exit the stocks if you are in loss. wait for the time, biofil chemicals is performing good and can become an hero again.

Note – make sure to do your analysis before investing in any company, don’t follow anyone blindly.

check out my recent post should we invest in RCF?

besttimetoinvest

 

Posted by

aniruddha vikharankar
an investor, blogger, astrophile and a web developer .

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