Hold Pfizer With Stop Loss Of Rs 1020
Technical analyst MB Singh has maintained 'hold' rating on Pfizer Limited stock.
The analyst said that the investors can hold the stock with a stop loss of Rs 1020.
The analyst added that the investors can exit the stock on rally.
The stock of the company, on January 11, closed at Rs 1123.25 on the Bombay Stock Exchange (BSE).
The share price has seen a 52-week high of Rs 1310 and a low of Rs 862.40 on BSE.
Current EPS & P/E ratio stood at 51.07 and 22.81 respectively.
For the three month period ended November 30, 2010, Pfizer announced that its net profit increased by 71.64% to Rs 43.58 crore as against the same period of 2009.
Pfizer recorded a net profit of Rs 25.39 crore during the corresponding period of 2009.
Company's net sales remained at Rs 235.84 crore for the three month period ended November 30 as against Rs 194.94 crore in the same period last fiscal.
The board of the company also announced an interim dividend of Rs 12.50 (125%) per equity share of Rs 10 each payable to stock holders.
For the fiscal ended November 2010, Pfizer recorded a net profit of Rs 163.20 crore as against Rs 136.88 crore during the previous year.