Stock Idea - Marksans Pharma.

Scrip : - Marksans Pharma.
BSE Code: - 524404
52 Week H/L:- 35.16 / 4.51
CMP: - 20.00
Target : - 30 Medium term.
Market Cap: - 718.80 Cr.

Summary.
Markets have crashed considerably and so has this scrip. This stock had split in Feb 08 in 1:10 ratio. History - TASC Industries (India) Ltd. was incorporated on 16th April 1992 as a Public Limited Company under the Companies Act 1956 at Bombay in the state of Maharshtra. The certificate of commencement of business was obtained on 5th June 1992.
The company has been promoted by Mr. Vijay Thakkar, Mr. Sanjay Thakkar and Mr. Sanjay Sahu to set up a plant for manufacture of Ciprofloxacin, Chloramphenicol and Chloramphenicol Palmoate. The promoterws have been trading in bulk drugs and formulations for the past eight years through their associate concern Tasc Chemical India Pvt. Ltd.
Pharma has always been my favourate as it didn't have any big or long bull run. It has always been underperformed sector. But it has many things to show in the near future. With almost most of the Indian have medicines it is a good time for these companies as their sales will increase.
With a PE of almost 41 rs. And EPS of 0.46 this is an attractive buy around any levels below Rs23.
Promoters holdings is 50.02% and aprox 29% with general Public.
Key Negative Points: -
Not a Dividend paying Stock.
This quarter Sales is Expected to Decline due to global factors.
Low profits Year Over Year.

Read the Disclaimer.
Happy Investing.