Morepen Laboratories Trading Idea💡

Introduction

Morepen Laboratories Ltd. engages in the business of manufacturing bulk drugs, intermediates, and medical devices; and business of formulation. It operates through the following geographical segments: the United States of America, Rest of World, and India.

Observation

Stock Trade all the Ema making rounding bottom after a rejection from 72 level in 2021. now it is trying to breakout the same level once it breakout and sustain above 72 level no one can stop this stock to reach my levels which is 120. on weekly chart you'll see a gap up open marubozu candlestick stock look strong on all the TF.

10-day series (Day 2)

What is Call Risk? 🤔

Here is the advance answer with example 👇

Call Risk

Call risk is the risk that a bond issuer may "call" or redeem a bond before its maturity date, usually when interest rates have fallen. When a bond is called, the bondholder is paid back the principal amount (plus any accrued interest) before the bond’s scheduled maturity. This can be disadvantageous to bondholders because they may have to reinvest the returned principal at a lower interest rate.
Example:
Imagine you purchase a 10-year corporate bond with a 5% annual coupon rate. This means you are set to receive 5% interest on your investment each year for 10 years.
Scenario:
Five years into the bond term, interest rates in the market have dropped, and new bonds are now offering only 3% interest.
The company that issued your bond decides to call the bond. This means they pay you back the principal amount early, and you no longer receive the 5% interest.
Now, with your principal returned, you have to reinvest it. However, because interest rates are lower, you might only be able to find bonds offering 3% interest, which is less favorable than the 5% you were originally getting.
Summary:
Call risk primarily affects bondholders when interest rates fall, leading issuers to call back bonds early to save on interest costs. This leaves the investor needing to reinvest at lower interest rates, potentially reducing their income.

Let's touch fundamentals

Stock PE is 32, Public Holding 53%, Promotor Holding is 36%, ROCE 17, ROE 12, Zero Promotor Holding pledge, almost zero debt 0.03

Technical Analysis & indicators 🔍

Monthly Chart

Rounding Bottom

News of the day

1. Tata Consultancy Services IT services giant has launched a new TCS Pace Studio in Stockholm, Sweden to cater to customers in the Nordic region, according to a Tuesday filing to the stock exchanges.The new innovation hub and research center will allow customers to explore the latest technology and deploy them at scale.The TCS Pace Studio in Stockholm is the company's fourth globally.

2. Power Grid Corporation of India has acquired Rajasthan IV E Power Transmission for 185.4 million Indian rupees, according to a Monday filing to the stock exchanges.The project is a special purpose vehicle formed to establish a transmission system for evacuation of power from Rajasthan REZ Phase IV, the filing said. Power Grid had emerged as the successful bidder under tariff-based competitive bidding for the project on a build, own, operate, and transfer basis from the Bid Process Coordinator - REC Power Development and Consultancy.

3. IndusInd Bank secured the Reserve Bank of India's approval to set up a wholly owned subsidiary for its asset management business, according to an Indian bourse filing on Monday.

Educational content

This stock analysis is designed for educational purposes and should not be taken as financial advice. Please carry out your own research or consult with a financial advisor before investing.

Tue Aug 20, 2024