Neuland Labs - Action after hitting lower circuit by Mr. Yash Gupta, Angel Broking Ltd

14/05/2021 12:39:56 PM | Source: Angel Broking Ltd

Neuland Labs - Action after hitting lower circuit by Mr. Yash Gupta, Angel Broking Ltd

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Neuland labs hit another lower circuit. What should retail customers do?

Neuland laboratories Ltd. hits lower circuit 2^nd 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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Neuland Labs - Action after hitting lower circuit by Mr. Yash Gupta, Angel Broking Ltd

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