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Buy Ajanta Pharma, target Rs 1275: Dr CK Narayan

ETMarkets.com|
Sep 22, 2017, 10.44 AM IST
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Dr CK Narayan of Chart Advise has a buy call on Ajanta Pharma Ltd. with a target price of Rs 1275.
The current market price of Ajanta Pharma Ltd. is Rs 1260.2.
Time period given by analyst is intraday when Ajanta Pharma Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 1245
Ajanta Pharma Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 11064.99 Crore) operating in Pharmaceuticals and health care sector.

Ajanta Pharma Ltd. key Products/Revenue Segments include Pharmaceutical Products which contributed Rs 1753.68 Crore to Sales Value (96.21 % of Total Sales), Export Incentives which contributed Rs 66.83 Crore to Sales Value (3.66 % of Total Sales) and Other Operating Revenue which contributed Rs 2.20 Crore to Sales Value (0.12 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Consolidated sales of Rs 473.12 Crore, up 3.73 % from last quarter Sales of Rs 456.12 Crore and up 4.16 % from last year same quarter Sales of Rs 454.21 Crore Company has reported net profit after tax of Rs 94.79 Crore in latest quarter. The company's top management includes Dr.Anil Kumar, Dr.Anjana Grewal, Mr.Chandrakant M Khetan, Mr.K H Viswanathan, Mr.Madhusudan B Agrawal, Mr.Mannalal B Agrawal, Mr.Prabhakar Dalal, Mr.Purushottam B Agrawal, Mr.Rajesh M Agrawal, Mr.Yogesh M Agrawal.

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Disclaimer: This recommendation is analyst's own and does not represent those of economictimes.com & ETMarkets.com. Please consult your financial advisor before taking any position in the stock/s mentioned.

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