ET Markets
12,248.2567.9
Stock Analysis, IPO, Mutual Funds, Bonds & More

Buy Sun Pharma, price target Rs 475: Shrikant Chouhan

The analyst suggested a stoploss at Rs 438.

ETMarkets.com|
Updated: Dec 02, 2019, 12.40 PM IST
0Comments
ThinkStock Photos
Buy-sale6
Sun Pharmaceutical Industries Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 107922.09 Crore) operating in Pharmaceuticals sector.
Shrikant Chouhan of Kotak Securities Limited has a buy call on Sun Pharmaceutical Industries Ltd. with a target price of Rs 475.0 . The current price of Sun Pharmaceutical Industries Ltd. is Rs 440.3 . Shrikant Chouhan recommended to keep a stoploss at Rs 438 .

Sun Pharmaceutical Industries Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 107922.09 Crore) operating in Pharmaceuticals sector.

Analyst View
This stock has formed a sharp V-shape recovery pattern from Rs 372 level with a rise in volumes, which implies a strong buying interest in the stock. Whenever the stock has seen such a formation, the analyst said it can be assumed that the stock is bottoming out for the long term.

Company Financials
Sun Pharmaceutical Industries Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 9783.29 Crore to Sales Value (94.95 % of Total Sales) and Other Operating Revenue which contributed Rs 519.92 Crore to Sales Value (5.04 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 7949.19 Crore, down -3.75 % from last quarter Sales of Rs 8259.30 Crore and up 16.11 % from last year same quarter Sales of Rs 6846.48 Crore Company has reported net profit after tax of Rs 1167.35 Crore in latest quarter.

The company’s top management includes Mr.Dilip S Shanghvi, Mr.Gautam Doshi, Mr.Israel Makov, Mr.Kalyanasundaram Subramanian, Mr.Sailesh T Desai, Mr.Sudhir V Valia, Mr.Vivek Chaand Sehgal, Ms.Rekha Sethi. Company has S R B C & Co. LLP as its auditoRs As on 30-09-2019, the company has a total of 2,399,334,970 shares outstanding.

Also Read

Buy Ashok Leyland, price target Rs 86: Shrikant Chouhan

Buy JK Paper, price target Rs 138: Shrikant Chouhan

Buy Amara Raja Batteries, price target Rs 775: Shrikant Chouhan

Buy Granules India, price target Rs 140: Shrikant Chouhan

Buy Dalmia Bharat, price target Rs 858: Shrikant Chouhan

Comments
Add Your Comments
Commenting feature is disabled in your country/region.

Other useful Links


Copyright © 2020 Bennett, Coleman & Co. Ltd. All rights reserved. For reprint rights: Times Syndication Service