{"id":51,"date":"2019-09-23T21:15:42","date_gmt":"2019-09-23T15:45:42","guid":{"rendered":"https:\/\/www.gujaratnow.com\/money\/?p=51"},"modified":"2019-09-23T21:15:42","modified_gmt":"2019-09-23T15:45:42","slug":"stock-idea-morepen-laboratories","status":"publish","type":"post","link":"https:\/\/www.gujaratnow.com\/money\/2019\/09\/stock-idea-morepen-laboratories\/","title":{"rendered":"Stock Idea : Morepen Laboratories"},"content":{"rendered":"\n<p>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.<\/p>\n\n\n\n<p>Technically Morepen was very week for past few months but now a strong trend is starting in MOREPENLAB as per both Macd and Adx.<\/p>\n\n\n\n<figure class=\"wp-block-image\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"780\" src=\"https:\/\/i0.wp.com\/www.gujaratnow.com\/money\/wp-content\/uploads\/2019\/09\/morepen-daily-chart.jpg?resize=900%2C780&#038;ssl=1\" alt=\"\" class=\"wp-image-52\" srcset=\"https:\/\/i0.wp.com\/www.gujaratnow.com\/money\/wp-content\/uploads\/2019\/09\/morepen-daily-chart.jpg?w=900&amp;ssl=1 900w, https:\/\/i0.wp.com\/www.gujaratnow.com\/money\/wp-content\/uploads\/2019\/09\/morepen-daily-chart.jpg?resize=300%2C260&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.gujaratnow.com\/money\/wp-content\/uploads\/2019\/09\/morepen-daily-chart.jpg?resize=768%2C666&amp;ssl=1 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><figcaption>Morepen Daily Chart<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"900\" height=\"782\" src=\"https:\/\/i0.wp.com\/www.gujaratnow.com\/money\/wp-content\/uploads\/2019\/09\/morepen-weekly-chart.jpg?resize=900%2C782&#038;ssl=1\" alt=\"\" class=\"wp-image-53\" srcset=\"https:\/\/i0.wp.com\/www.gujaratnow.com\/money\/wp-content\/uploads\/2019\/09\/morepen-weekly-chart.jpg?w=900&amp;ssl=1 900w, https:\/\/i0.wp.com\/www.gujaratnow.com\/money\/wp-content\/uploads\/2019\/09\/morepen-weekly-chart.jpg?resize=300%2C261&amp;ssl=1 300w, https:\/\/i0.wp.com\/www.gujaratnow.com\/money\/wp-content\/uploads\/2019\/09\/morepen-weekly-chart.jpg?resize=768%2C667&amp;ssl=1 768w\" sizes=\"auto, (max-width: 900px) 100vw, 900px\" \/><figcaption>Morepen Weekly Chart<\/figcaption><\/figure>\n\n\n\n<figure class=\"wp-block-image\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"760\" height=\"149\" src=\"https:\/\/i0.wp.com\/www.gujaratnow.com\/money\/wp-content\/uploads\/2019\/09\/morepen-latest-result.jpg?resize=760%2C149&#038;ssl=1\" alt=\"\" class=\"wp-image-54\" srcset=\"https:\/\/i0.wp.com\/www.gujaratnow.com\/money\/wp-content\/uploads\/2019\/09\/morepen-latest-result.jpg?w=760&amp;ssl=1 760w, https:\/\/i0.wp.com\/www.gujaratnow.com\/money\/wp-content\/uploads\/2019\/09\/morepen-latest-result.jpg?resize=300%2C59&amp;ssl=1 300w\" sizes=\"auto, (max-width: 760px) 100vw, 760px\" \/><figcaption>Morepen last quarter standalone and consolidated sales and pat chart<\/figcaption><\/figure>\n\n\n\n<p>Both in daily and weekly chart stock crossed 200 dma so more upside possible in the coming days\/weeks.<\/p>\n\n\n\n<p>June 2019 quarter result also was inline with expectations in both standalone and consolidated.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>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 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-51","post","type-post","status-publish","format-standard","hentry","category-general","entry"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts\/51","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/comments?post=51"}],"version-history":[{"count":1,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts\/51\/revisions"}],"predecessor-version":[{"id":55,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/posts\/51\/revisions\/55"}],"wp:attachment":[{"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/media?parent=51"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/categories?post=51"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gujaratnow.com\/money\/wp-json\/wp\/v2\/tags?post=51"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}