Medi Caps Ltd - Penny Stock Idea

CMP : 79

Medi Caps Limited manufactures empty hard gelatin capsules.

Medi caps is a 24 Cr market cap, falling under smallest of small caps. Its been consistently in profits in the last 5 years although it has dipped in last 2 years. You never know when pharmaceutical companies will start spiking. At a P/E of 6.72, its currently trading at a fair price. The stock looks bullish on the chart and its not a bad time to buy it now.