ACCUMULATE : ANKUR DRUGS & PHARMA

CMP=92.75
Support=81,73
EPS=52.76
PE=1.75
52 WEEK HIGH=438
52 WEEK LOW=90.10
TIME FRAME=2yrs

BOOK VALUE=123.97

Targets=256,380 ,450

INVESTMENT RATIONALE --->

1) ONE OF THE MOST UNDERVALUED PHARMA STOCK WITH EXCELLENT FUNDAMENTALS
2) FII INTEREST HAS BEEN INCREASING
3) DECENT DIVIDEND TRACK RECORD SINCE 2004, LAST ONE BEING 22.50 % IN 2008
4) IN A BEAR MARKET A VERY DEFENSIVE STOCK FROM A DEFENSIVE SECTOR THAT CAN STEM RECESSION WITHOUT MUCH FUSS

ADVISE : ADD IN PARTS ON DIPS. USE SUPPORTS TO MAKE THE BUYS IDEALLY. THIS ENHANCES SAFETY. GREAT LONG TERM PROSPECTS WITH A HIGH LEVEL OF SAFETY