Stock Idea : Morepen Laboratories
Morepen Laboratories Limited (MOREPENLAB) is New Delhi based Indian pharmaceutical company established in 1984 and went public in 1993. Morepen manufactures and sells Active Pharmaceutical Ingredients (APIs), Diagnostics and Over-the-counter (OTC) drugs. Morepen has 3 manufacturing facilities and its major export markets are US and Europe. Technically Morepen was very week for past few months …