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CAN BAJAJ HEALTHCARE BE A GOOD NEW YEAR PICK ?

Long
NSE:BAJAJHCARE   BAJAJ HEALTHCARE LTD
TECHNICALLY:
Stock is currently forming base and constructing sort of ascending triangle pattern if it closes above the 451 we can see it firing.

ABOUT COMPANY:
Bajaj Healthcare Ltd is an established player in the Indian Pharmaceutical Industry and fastest growing mid-cap pharmaceutical companies in India.

Various Active Pharmaceutical Ingredients (APIs), Amino acids, and nutritional supplements are produced and supplied by this bulk drug company to the pharmaceutical, nutraceutical, and food sectors.

The company manufactures and distributes APIs, Intermediates, Formulations, and Impurities.
API accounts for over 90% of total revenue, with 6 API production sites distributed across many states. It has a significant presence in over 50 countries through API exports, with a total manufacturing capacity of 730 MT per month.

Customers of BHL include well-known pharmaceutical companies such as Sun Pharma, Pfizer, HUL, Abbott, and GlaxoSmithKline plc, as well as Bajaj Medical LLC, Nestle Group, Evonik Industries AG, Intas Pharmaceutical Ltd., and Lupin Ltd.

The company operates API production factories in Tarapur, Maharashtra, Vadodara, Gujarat, and Ankleshwar, Gujarat. It has one Finished Formulations manufacturing unit in Gujarat. It has two intermediates manufacturing factories in Maharashtra.

The company's management has successfully achieved steady growth in revenues as well as profit.
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