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Morepen Laboratories Limited
Share Price Target & Analysis

NSE:MOREPENLAB

47.08

VWAP

47.05

Open

46.4

Close

47.70

High

46.50

Low

56.40

52 Week High

46.70 ⇧
0.30 (0.65%)

MOREPENLAB

(PHARMA)
69% Momentum

Sideways to Positive

25.10

52 Week Low

1.59

EPS

46.42

PE

3.06

PB

Economical
Quality

Gold
Valuation

#Analysis

NSE: MOREPENLAB Share Price Financial Analysis & Valuation

Morepen Laboratories Limited (MOREPENLAB) is broadly categorized in PHARMA segment industry which deals in Pharmaceuticals vertical. It is one of Small Cap company with Market Capitalization of Rs 2276.1 (in Cr). Total number of free float shares are 45 (in Lacs). Morepen Laboratories Limited is listed on NSE with Exchange ID - INE083A01026 and trading code is NSE:MOREPENLAB with short name Morepen Lab.

In the past 1 year, Morepen Laboratories Limited has declared an equity dividend of Rs 0 per share. At the current share price of MOREPENLAB at Rs 46.70, this results in a dividend yield of 0 %.

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

Quality of the Stock: As per the fundamental analysis of NSE:MOREPENLAB, it is clearly understood that MOREPENLAB is Economical performer in terms of earnings and profit margins with an EPS of 1.59. NSE:MOREPENLAB book value per share as of today is 15.26. The current price to book ratio for MOREPENLAB as of May 15, 2024 is 3.06.

Valuation of the Stock: The current valuation of MOREPENLAB 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 MOREPENLAB whether to BUY this stock at current valuation. The delivery percentage of MOREPENLAB is 42.16% is very crucial parameter which shows that 42.16% investors are anticipating that the price of MOREPENLAB share should go up with VWAP at 47.08.

Now, the main question is whether to BUY or SELL, NSE:MOREPENLAB at current valuation.
As per latest Analysis No. #1922:-

⇑ STRONG BUY MOREPENLAB if All Greens

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

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

⇘ SELL MOREPENLAB if NO Green Indicator

NSE: MOREPENLAB Share Price Today (May 15, 2024)

(Morepen Laboratories Limited Daily Analysis on the basis of MOREPENLAB Intraday Graph & Trend)

Morepen Laboratories Limited share price moved Up by 0.65% from its previous close of Rs 46.4. MOREPENLAB stock last traded price is 46.70. MOREPENLAB share price trend is Up with a total of 2258125 stocks traded till now. It has touched an intraday high of Rs 47.70 and an intraday low of Rs 46.50. The MOREPENLAB trading at 46.70, Up by Rs. 0.30, or 0.65 percent which suggests that most of the Traders are anticipating that the price of MOREPENLAB share should go Up.

NSE: MOREPENLAB Share Price Tomorrow Prediction

(Morepen Laboratories Limited Share Price Prediction for Tomorrow & future forecast is based on Current Trend of MOREPENLAB)

Morepen Laboratories Limited share price moved Up by 0.65%. MOREPENLAB share price short term trend is Up. It suggests that MOREPENLAB Share Price for Tomorrow remains the same with VWAP at 47.08 will be treated as stop loss for intraday traders. Morepen Laboratories Limited Long term investors can follow the MOREPENLAB long term trend as mentiond in future forecast table.

NSE Code

NSE: MOREPENLAB

MOREPENLAB Share Price Today

 46.70

MOREPENLAB Share Price Target Prediction for 2024 ^

 39.2 - 56.7

MOREPENLAB Share Price Target Prediction for 2025*^

 56.7 - 60.4

MOREPENLAB Share Price Target Prediction for 2026*^

 60.4 - 64.6

MOREPENLAB Share Price Target Prediction for 2027*^

 68

MOREPENLAB Share Price Target Prediction for 2028*^

 70

MOREPENLAB Share Price Target Prediction for 2030*^

 76
MOREPENLAB Current Book Value 2023
15.2

*Morepen Laboratories Limited Short Term & Long Term share price target is based on current financial year earings of the company.
^MOREPENLAB 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.

MOREPENLAB Technical Analysis

Candlestick Pattern: @46.7

MOREPENLAB Moving Averages

BUY (5) NEUTRAL (0) SELL (9)
MA Simple Action S1 Expo Action E2
MA_5 46.09 BUY 46.51 BUY
MA_12 47.96 SELL 47.29 SELL
MA_20 48.51 SELL 47.48 SELL
MA_32 47.29 SELL 47.48 SELL
MA_50 46.52 BUY 47.42 SELL
MA_100 48.14 SELL 46.74 SELL
MA_200 42.89 BUY 43.29 BUY

MOREPENLAB Trend Oscillators

BUY (0) NEUTRAL (1) SELL (3)
Trend Oscillators Value Action
Bollinger Bands 48.51 Downtrend
MACD -0.45 SELL
ADX 17.04 NO or Weak Trend
DMI (+/-) 19.26 / 24.55 Downtrend

MOREPENLAB Momentum Oscillators

BUY (2) NEUTRAL (9) SELL (1)
Momentum Oscillators Value Action
RSI 46.5 Neutral
STOCHASTIC_K (Fast) 71.22 Neutral
STOCHASTIC_D (Slow) 55.11 Neutral
CCI -44.29 Neutral
PSAR 50.34 SELL
TRUE RANGE 1.3 Neutral
ATR 1.95 Neutral
WILLIAMS R -70.12 Neutral
TRIX 0 Neutral
STOCHASTIC RSI K 100 Overbought
STOCHASTIC RSI D 71.19 Neutral
MOMENTUM 0.65 BUY

MOREPENLAB Last 1 Year Trend

Duration Value
1 Year 72.32%
3 Months -14.78%
1 Month 1.41%
1 Week -0.43%

MOREPENLAB Technical Analysis Summary

Updated on 2024-05-15
Action Overall (%)
BUY 23%
NEUTRAL / HOLD 33%
SELL 43%

Most popular Questions & Answers about MOREPENLAB


Morepen Laboratories Limited stock last traded price is 46.70. MOREPENLAB share price moved Up by 0.65% from its previous close of Rs 46.4.

Morepen Laboratories Limited share price trend is Up with a total of 2258125 stocks traded till now. It has touched an intraday high of Rs 56.964 and an intraday low of Rs 46.50. The MOREPENLAB trading at 46.70, Up by Rs. 0.30, or 0.65 percent which suggests that most of the Traders are anticipating that the price of MOREPENLAB share should go Up and the Stop Loss will be around 47.08.

The market cap of Morepen Laboratories Limited is ₹2276.1 (in Cr) as of May 14, 2024.

The current price to earning ratio for Morepen Laboratories Limited as of May 14, 2024 is 46.42.

The current price to book ratio for Morepen Laboratories Limited as of May 14, 2024 is 3.06.

The highest price of Morepen Laboratories Limited stock is ₹56.40 in the last 52-week.

The lowest price of Morepen Laboratories Limited stock is ₹25.10 in the last 52-week.

Morepen Laboratories Limited share trading at ₹46.70, Up by Rs. 0.30, or 0.65 percent which suggests that most of the traders are anticipating that the price of MOREPENLAB share should go Up.

In 2023, Stock price target for Morepen Laboratories Limited (MOREPENLAB) are ₹39.2 on downside and ₹56.7 on upside. Morepen Laboratories Limited share price target is based on current financial year earings of the company.

In 2024, Stock price target for Morepen Laboratories Limited (MOREPENLAB) are ₹56.7 on downside and ₹60.4 on upside. Morepen Laboratories Limited share price target is based on forecasted future earnings of the company.

In 2025, Stock price target for Morepen Laboratories Limited (MOREPENLAB) are ₹60.4 on downside and ₹64.6 on upside. Morepen Laboratories Limited 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 Morepen Laboratories Limited (MOREPENLAB) will be around ₹70 Morepen Laboratories Limited share price target is based on market scenario & growth assumptions, they might change subject to market sentiments and forecasted future earnings of MOREPENLAB.

As per the fundamental analysis of Morepen Laboratories Limited (MOREPENLAB), it is of Economical quality in terms of earnings and profit margins with an EPS of 1.59. Morepen Laboratories Limited book value per share as of today is 15.26. The current price to book ratio for MOREPENLAB as of May 15, 2024 is 3.06.


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


Peer Comparison of NSE: MOREPENLAB

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

Sector: Pharmaceuticals

Company Price EPS BV
SUNPHARMA 1527.40 4.04 98.98
DIVISLAB 3892.55 51.37 478.6
MEDICAMEQ 494.45 11.2 151.58
CIPLA 1405.50 50.5 305.16
DRREDDY 5882.00 260.29 1227.38
PGHH 4788.70 189.8 447.64
TORNTPHARM 2652.35 34.45 187.49
BIOCON 311.90 15.96 90.91
LUPIN 1639.10 51.04 403.99
ALKEM 5229.20 140.26 781.99
Updated at: 15 May 2024 15:41

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