Hi sidhar,
It may touch 250/- maximum,by Diwali. 400/-is impossible for the stock because of its history. Longterm may be ok for the stock. Why don`t u have an ID in the board for exchange of views.
..venkat
Orchid Chemicals is up 25% because it has got a US Food and Drug Administration (USFDA) nod for abbreviated new drug application (ANDA). Company`s Managing Director, K Raghavendra Rao, said, Orchids is the only company to get this approval. We have also been granted 180 days drug exclusivity.
dear max123, this is not fake news. see my post above. orchid has got US approval to market drug in US for next 180 days. 180 days market tap is 450m$. This is huge amount. If they achieve even 2/3 of this amount, then 300m$ is revenue for next 6 months. Thats why stock is moving since last 3 days. Immediate target 200 in next 7-10 days, and 400 target by Diwali this year. Please do some research before blaming anybody. There are reasons of moves in this stock :-)
Just ignore these type of messages. They must have sold before the jump and venting their frustration and trying to enter as though their message will beat the price down.
Do not waste time with them. better focus on some productive search.
| NIFTY 
