Neuland Labs - Action after hitting lower circuit by Mr. Yash Gupta, Angel Broking Ltd
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Below are Quote on Neuland Labs - Action after hitting lower circuit by Mr. Yash Gupta Equity Research Associate, Angel Broking Ltd
Neuland laboratories Ltd. hits lower circuit 2nd time in last 2 trading sessions, down from the 2670 levels to 2030 levels as company reported weak set of numbers in Q4FY21, Company reported flat revenue growth quarter on quarter and margins has also dropped from 19% to 10% which are below the market expectations. Along with this management commentary was also not encouraging.
We expect stock to recover in near time but investors should avoid the buy on dips or averaging the stocks.
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On the higher side, immediate resistance is seen around 36000 - 36200 levels - Angel One
