With an operating revenue of Rs 1,528.3 crore on a trailing 12-month basis, Neuland Laboratories has outstanding annual revenue growth of 31%, pre-tax margin of 26% and ROE of 23%. The company has a reasonable debt to equity of 4%, which signals a healthy balance sheet.
The stock from a technical standpoint is trading below to its 50DMA and around 36% up from its 200 DMA. It needs to take out the 50 DMA levels and stay above it to make any further meaningful move.
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