1.Morepen laboratories ltd is a 2 rupee face value face value pharma share and not perform well after 2007 market crash.
2. Current market price of morepen lab is 4.32 Year high of morepen lab is 5.79 and year low 2.05 so this ratio is slightly positive because stock recover from year low ( when a stock recover more than 50 % from year low then it is positive and when a stock down more than 50% from year high then it is negative sign read my book for detail of this theory)
3.Promoters holding in Morepen lab is 35.54% and FII holding 13.01 % which constant from last many quarter so this is a good sign.
4. Stock have no any bulk block deal since last many quarter so this is also positive.
5. Stock of Morepen lab is risky but my analysis show that stock may start performing now so this is good time to accumulate it.
6. I have no any share of morepen lab.
key words:- target of morepen lab 2014 stock price morepen lab penny share of 2014
break out in morepen on 26th oct
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