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Indoco Remedies Ltd.
Share Price Target & Analysis

NSE:INDOCO

308.08

VWAP

300

Open

299.8

Close

325.05

High

299.8

Low

415

52 Week High

320.05 ⇧
20.25 (6.75%)

INDOCO

(PHARMA)
26.1% Momentum

Turnaround Potential

286.6

52 Week Low

9.25

EPS

47.38

PE

2.62

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: INDOCO Share Price Financial Analysis & Valuation

Indoco Remedies Ltd. (INDOCO) is broadly categorized in PHARMA segment industry which deals in Pharmaceuticals vertical. It is one of Small Cap company with Market Capitalization of Rs 3630.7 (in Cr). Total number of free float shares are 9.2 (in Lacs). Indoco Remedies Ltd. is listed on NSE with Exchange ID - INE873D01024 and trading code is NSE:INDOCO with short name Indoco Remedies.

In the past 1 year, Indoco Remedies Ltd. has declared an equity dividend of Rs 2.25 per share. At the current share price of INDOCO at Rs 320.05, this results in a dividend yield of 0.7 %.

As per the Fundamental Analysis of NSE:INDOCO, which uses revenues, earnings, future growth, financial ratios, return on equity, profit margins, and other data to determine INDOCO underlying value and future prospects. All of this data is available in INDOCO financial statements.

Quality of the Stock: As per the fundamental analysis of NSE:INDOCO, it is clearly understood that INDOCO is Economical performer in terms of earnings and profit margins with an EPS of 9.25. NSE:INDOCO book value per share as of today is 122.22. The current price to book ratio for INDOCO as of Nov 23, 2024 is 2.62.

Valuation of the Stock: The current valuation of INDOCO stock is like Gold which means currently the stock is Overpriced. Now, it's totally depends upon the risk appetite of an investor and risk-reward ratio of INDOCO whether to BUY this stock at current valuation. The delivery percentage of INDOCO is 72.38% is very crucial parameter which shows that 72.38% investors are anticipating that the price of INDOCO share should go up with VWAP at 308.08.

Now, the main question is whether to BUY or SELL, NSE:INDOCO at current valuation.
As per latest Analysis No. #529:-

⇑ STRONG BUY INDOCO if All Greens

⇗ BUY INDOCO (at Lower Levels) if any 2 Greens

⇒ NEUTRAL or HOLD INDOCO (With Stop Loss) if only 1 Green

⇘ SELL INDOCO if NO Green Indicator

NSE: INDOCO Share Price Today (Nov 23, 2024)

(Indoco Remedies Ltd. Daily Analysis on the basis of INDOCO Intraday Graph & Trend)

Indoco Remedies Ltd. share price moved Up by 6.75% from its previous close of Rs 299.8. INDOCO stock last traded price is 320.05. INDOCO share price trend is Up with a total of 512024 stocks traded till now. It has touched an intraday high of Rs 325.05 and an intraday low of Rs 299.8. The INDOCO trading at 320.05, Up by Rs. 20.25, or 6.75 percent which suggests that most of the Traders are anticipating that the price of INDOCO share should go Up.

NSE: INDOCO Share Price Tomorrow Prediction

(Indoco Remedies Ltd. Share Price Prediction for Tomorrow & future forecast is based on Current Trend of INDOCO)

Indoco Remedies Ltd. share price moved Up by 6.75%. INDOCO share price short term trend is Up. It suggests that INDOCO Share Price for Tomorrow remains the same with VWAP at 308.08 will be treated as stop loss for intraday traders. Indoco Remedies Ltd. Long term investors can follow the INDOCO long term trend as mentiond in future forecast table.

NSE Code

NSE: INDOCO

INDOCO Share Price Today

 320.05

INDOCO Share Price Target Prediction for 2024 ^

 300.5 - 372.2

INDOCO Share Price Target Prediction for 2025*^

 372.2 - 444.3

INDOCO Share Price Target Prediction for 2026*^

 444.3 - 475.4

INDOCO Share Price Target Prediction for 2027*^

 499

INDOCO Share Price Target Prediction for 2028*^

 513

INDOCO Share Price Target Prediction for 2030*^

 560
INDOCO Current Book Value 2023
121.6

*Indoco Remedies Ltd. Short Term & Long Term share price target is based on current financial year earings of the company.
^INDOCO share price target prediction for 2024 2025 & 2026 to 2030 is based on current market scenario, future forecast & growth assumptions, they might change subject to market sentiments.

INDOCO Technical Analysis

Candlestick Pattern: @309.5

INDOCO Moving Averages

BUY (2) NEUTRAL (0) SELL (12)
MA Simple Action S1 Expo Action E2
MA_5 308.28 BUY 309.38 BUY
MA_12 309.65 SELL 311.82 SELL
MA_20 313.35 SELL 315.86 SELL
MA_32 325 SELL 323.51 SELL
MA_50 340.26 SELL 328.89 SELL
MA_100 339.03 SELL 334.14 SELL
MA_200 337.8 SELL 339.02 SELL

INDOCO Trend Oscillators

BUY (2) NEUTRAL (0) SELL (2)
Trend Oscillators Value Action
Bollinger Bands 313.35 Downtrend
MACD 1.25 BUY
ADX 34.65 Strong Trend
DMI (+/-) 10.92 / 22.48 Downtrend

INDOCO Momentum Oscillators

BUY (2) NEUTRAL (7) SELL (3)
Momentum Oscillators Value Action
RSI 38.63 Neutral
STOCHASTIC_K (Fast) 50.63 Neutral
STOCHASTIC_D (Slow) 40.5 Neutral
CCI 6.58 Neutral
PSAR 299.74 BUY
TRUE RANGE 7.15 SELL
ATR 9.32 SELL
WILLIAMS R -40.82 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 88.16 Overbought
STOCHASTIC RSI D 60.59 Neutral
MOMENTUM -35.8 SELL

INDOCO Last 1 Year Trend

Duration Value
1 Year -6.92%
3 Months -5.61%
1 Month -10.37%
1 Week -1.7%

INDOCO Technical Analysis Summary

Updated on 2024-11-14
Action Overall (%)
BUY 20%
NEUTRAL / HOLD 23%
SELL 57%

Most popular Questions & Answers about INDOCO


Indoco Remedies Ltd. stock last traded price is 320.05. INDOCO share price moved Up by 6.75% from its previous close of Rs 299.8.

Indoco Remedies Ltd. share price trend is Up with a total of 512024 stocks traded till now. It has touched an intraday high of Rs 419.15 and an intraday low of Rs 299.8. The INDOCO trading at 320.05, Up by Rs. 20.25, or 6.75 percent which suggests that most of the Traders are anticipating that the price of INDOCO share should go Up and the Stop Loss will be around 308.08.

The market cap of Indoco Remedies Ltd. is ₹3630.7 (in Cr) as of Nov 22, 2024.

The current price to earning ratio for Indoco Remedies Ltd. as of Nov 22, 2024 is 47.38.

The current price to book ratio for Indoco Remedies Ltd. as of Nov 22, 2024 is 2.62.

The highest price of Indoco Remedies Ltd. stock is ₹415 in the last 52-week.

The lowest price of Indoco Remedies Ltd. stock is ₹286.6 in the last 52-week.

Indoco Remedies Ltd. share trading at ₹320.05, Up by Rs. 20.25, or 6.75 percent which suggests that most of the traders are anticipating that the price of INDOCO share should go Up.

In 2023, Stock price target for Indoco Remedies Ltd. (INDOCO) are ₹300.5 on downside and ₹372.2 on upside. Indoco Remedies Ltd. share price target is based on current financial year earings of the company.

In 2024, Stock price target for Indoco Remedies Ltd. (INDOCO) are ₹372.2 on downside and ₹444.3 on upside. Indoco Remedies Ltd. share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Indoco Remedies Ltd. (INDOCO) are ₹444.3 on downside and ₹475.4 on upside. Indoco Remedies Ltd. share price target is based on Discounted Cash Flow (DCF) method uses the projected future cash flows of the business.

In next five years, Stock price target for Indoco Remedies Ltd. (INDOCO) will be around ₹513 Indoco Remedies Ltd. share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of INDOCO.

The price of Indoco Remedies Ltd. (INDOCO) shares moved by 6.75%. The short-term trend for INDOCO share price is Up. It implies that the share price of INDOCO will stay the same tomorrow and that intraday traders should treat VWAP at 308.08 as a stop loss. Investors with a long-term outlook can track INDOCO long-term trajectory, which is indicated in the future forecast table.

Estimated DCF Value of INDOCO stock is 110.9. Compared to the current market price of 320.05 INR, the INDOCO stock is Overvalued by 65.3%.

As per the fundamental analysis of Indoco Remedies Ltd. (INDOCO), it is of Economical quality in terms of earnings and profit margins with an EPS of 9.25. Indoco Remedies Ltd. book value per share as of today is 122.22. The current price to book ratio for INDOCO as of Nov 23, 2024 is 2.62.


NSE:INDOCO News & Other Useful Information about INDOCO Share Price


Peer Comparison of NSE: INDOCO

The Peers list includes companies operating in the same industry and having comparable market cap.

Sector: Pharmaceuticals

Company Price EPS BV
SUNPHARMA 1805.60 11.21 98.75
DIVISLAB 6000.00 69.2 507.94
MEDICAMEQ 446.75 8.18 164.54
CIPLA 1485.25 54.32 346.38
DRREDDY 1214.00 57.64 290.52
PGHH 15925.70 189.8 324.25
TORNTPHARM 3171.00 48.34 201.78
BIOCON 331.60 0.35 90.88
LUPIN 2064.55 65.71 451.63
ALKEM 5583.35 176.48 882.75
Updated at: 22 Nov 2024 15:41

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