Jubilant Organosys – Medium Term Investment for 25% Profit
You know that we are seeing weaker market sentiments and we have to be choosy in selecting the stocks. Jubilant Organosys seems to be on the radar on many investors and has been buzzing on the stock market. The stock is currently trading at Rs 307.80 and if one looks at the volumes, it could be seen there has been a good built up in the last few days.
Though the counter has been under selling pressure due to weak market sentiment, the recovery has been quicker too and hence, possibility of the counter moving up in the coming days cannot be ruled out. Recently, the company successfully completed acquisition of Draxis for $253 million.
Besides, it has also created a global footprint with its presence in the key strategic markets of US and Europe. The stock can be looked at for short to medium-term investment. According to a technical analyst friend of mine, the scrip could see prices heading towards Rs 375-380 levels which is almost 25% profits in near future. Investors can expect jubilant times ahead for Jubilant Organosys.
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