By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
News for IndiaNews for IndiaNews for India
  • Home
  • Posts
  • Search Page
  • About us
Reading: Caplin Point Lab stock delivers decisive breakout; Axis Direct shares buy range, stop loss, upside and holding period | Stock Market News
Share
Font ResizerAa
News for IndiaNews for India
Font ResizerAa
  • Economics
  • Business
  • Home
  • Categories
    • Business
    • Economics
  • About us
  • Sitemap
Follow US
  • Advertise
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
News for India > Business > Caplin Point Lab stock delivers decisive breakout; Axis Direct shares buy range, stop loss, upside and holding period | Stock Market News
Business

Caplin Point Lab stock delivers decisive breakout; Axis Direct shares buy range, stop loss, upside and holding period | Stock Market News

Last updated: September 8, 2026 2:00 pm
3 hours ago
Share
SHARE


Contents
Caplin Point Labs technical outlookBuy Range: 2,750-2,696 | Stop loss: 2,490 | Upside: 17%–19%Caplin Point Laboratories recent updates

Caplin Point Laboratories has continued to strengthen its position on the stock market, extending a sustained upward move that has delivered gains across short-, medium- and long-term timeframes. The stock has risen more than 3% in the past one week, while its one-month gain stands at 9%. Over the past three months, the stock has surged 32%, while the six-month performance has been even stronger at 68%.

The longer-term performance also remains notable. Caplin Point Laboratories has added 29% over the past one year and has generated multibagger returns of 233% for investors over the past five years.

The stock was trading at ₹2,813.55 apiece. At this level, Caplin Point is only around 3% below its 52-week high of ₹2,874.00, which was hit earlier this month on 3 September. On the other hand, the stock’s 52-week low stands at ₹1,502.45, a level touched in March 2026.

Also Read | PC Jeweller Share Price: Jewellery stock falls over 5% after 3-day buying spree

With the stock now trading close to its recent peak, the technical setup has come into focus. Axis Direct has highlighted a decisive breakout on the weekly chart and sees further upside potential from current levels.

Caplin Point Labs technical outlook

Buy Range: 2,750-2,696 | Stop loss: 2,490 | Upside: 17%–19%

Caplin Point Laboratories has moved out of a period of consolidation, giving its technical structure a fresh bullish trigger. According to Axis Direct, the stock’s latest price action suggests that momentum has strengthened and the breakout is being supported by several technical indicators.

On the weekly chart, Caplin Point has broken decisively out of a multi-week consolidation phase that had developed around the ₹2,700 level.

“The breakout has been accompanied by a significant surge in volume, indicating increased market participation and supporting the strength of the move,” it noted.

Another important positive signal is the stock’s position relative to its key moving averages. Caplin Point is firmly trading above its 20-day, 50-day, 100-day and 200-day simple moving averages. More importantly, all these key moving averages are trending higher along with the price action.

According to Axis Direct, the alignment of the stock above these moving averages, combined with their upward trajectory, confirms a strong bullish structure. Momentum indicators are also supporting the positive view. The weekly Relative Strength Index (RSI) is trending higher, indicating that bullish momentum in the stock is strengthening.

Based on this technical setup, Axis Direct sees potential for Caplin Point Laboratories to move towards the ₹3,185- ₹3,230 levels.

The brokerage has specified a holding period of 3-4 weeks for the technical setup.

Caplin Point Laboratories recent updates

Last month, the United States Food and Drug Administration (US FDA) conducted an unannounced inspection of Caplin Point Laboratories’ injectable and ophthalmic manufacturing facility located at Gummidipoondi. The inspection was carried out between August 13, 2026, and August 21, 2026. Following the conclusion of the inspection, the company received Form 483 from the US FDA containing 10 observations.

Caplin Point Laboratories said the observations were procedural in nature and did not pertain to data integrity. The company also clarified that none of the observations were repeat observations.

Moreover, Caplin Point Laboratories has scheduled its 35th Annual General Meeting (AGM) for September 25, 2026. The meeting will be conducted through Video Conferencing or Other Audio-Visual Means and is scheduled to begin at 10:00 am.

The company’s Board has recommended a final dividend of ₹4 per equity share, with each share having a face value of ₹2. This is in addition to the interim dividend of ₹4 per share already declared by the company, taking the total dividend for FY26 to ₹8 per share, or 400%.

Also Read | Tejas Networks stock forms strong bullish candles; check buy range, stop loss

Shareholders whose names appear on the company’s records as of September 18, 2026, will be eligible to receive the final dividend payout.

On the financial front, Caplin Point Laboratories reported a strong performance for the quarter ended June 30, 2026. Revenue from operations came in at ₹610.36 crores, registering year-on-year growth of 19.63% compared with ₹510.22 crores reported in the corresponding quarter of the previous year.

The company’s net profit also increased during the quarter. Profit for the period stood at ₹179.09 crores, marking a YoY growth of 18.79% from ₹150.76 crore in the same quarter of the previous year.

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.



Source link

You Might Also Like

Access Denied

Access Denied

Explained: Why are Indian markets extremely polarised now? Causes behind it | Check outlook and portfolio implications | Stock Market News

Access Denied

Access Denied

TAGGED:Axis DirectCaplin Point Lab shareCaplin Point Lab technicalsCaplin Point LaboratoriesCaplin Point Laboratories share priceCaplin Point shareCaplin Point share newsCaplin Point share priceCaplin Point share price targetCaplin Point share price todayCaplin Point technicalsIndian stock marketStock picksStock to buy for short-termstocks to buyStocks to buy todayTechnical outlooktechnicalstop stocks to buy
Share This Article
Facebook Twitter Email Print
Previous Article NSE IPO LIVE: GMP on fire ahead of price band announcement | Expected date, other details about mega ₹30,000 crore IPO | Stock Market News
Next Article Access Denied
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

We influence 20 million users and is the number one business and technology news network on the planet.

Find Us on Socials

News for IndiaNews for India
© Wealth Wave Designed by Preet Patel. All Rights Reserved.
  • BUSINESS