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Panacea Biotec Ltd BSE:531349 NSE:PANACEABIO

Panacea Biotec Ltd is engaged in Pharmaceuticals business. Company is listed on both NSE and BSE. NSE symbol for Panacea Biotec Ltd is 'PANACEABIO' and BSE code for Panacea Biotec Ltd is '531349'.

About Company

Panacea Biotec Ltd. (Panacea Biotech) is a research-based health management company engaged in research, manufacturing and marketing of pharmaceuticals, biopharmaceuticals, chemical entities, natural products and vaccines. The Company`s product portfolio includes prescription products in therapeutic areas like pain management, diabetes and cardiovascular management, renal disease management, osteoporosis management, anti-tubercular, gastro-intestinal care products and vaccines. The Company`s segments comprise vaccines, formulations, and research and development activities. Panacea Biotech`s subsidiaries include Best On Health Limited and Radicura & Co. Limited. The Company has joint ventures with Panheber Biotec Private Limited and Chiron Panacea Vaccines Private Limited. Panacea Biotec has two manufacturing facilities in New Delhi and the others at Lalru, Punjab and at Baddi, Himachal Pradesh.

Panacea Biotec Ltd Stock Quotes and Charts

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Panacea Biotec Ltd User Reviews

1. Kunal  Mar 14, 2008 12:52:11 AM IST Reply

Buy@ Rs 250 For target of Rs 350 In 6 Months.Panacea Biotech peaked by posting an intra-day high of Rs 482on 15.02.07, but couldn't sustain these levels for long and finallydeclined to bottom out by posting an intra-day low of Rs 381 on06.03.07 where strong support prevented further downside. Thescrip finally posted an intra-day low of Rs 400.45 on 26.03.07and these levels have often been seen since. Panacea Biotech com-menced a short-term uptrend from here (this time around therewasn enough clarity on the medium term front), struggled buteventually could overcame the 55-day EMA, posted a series ofprogressively higher tops and bottoms, started moving within theconfines of an upward sloping channel, almost gave a throwoverfrom this channel and finally peaked by posting an intra-day highof Rs 477.85 on 18.05.07. The scrip almost gave a downward keyreversal from here, couldn't sustain these levels for long, entereda corrective downmove, declined to post an intra-day low of Rs.284.40 on 13.02.08, recovered sharply from here, posted a smartbut slightly unsustainable upmove to post a high of Rs 358 on29.02.08. Currently, Panacea Biotech is in process of starting ashort-term uptrend, while it seems to have exhausted its weeklydownmove (is trying to come to terms with the 55-day EMA) andwith the mechanical indicators looking positive, a further upsidefrom these levels cannot be ruled out.

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