Buy Aurobindo Pharma, target price Rs 1100: Motilal Oswal

Buy Aurobindo Pharma, target price Rs 1100: Motilal Oswal
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Synopsis

Aurobindo Pharma Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 56141.71 Crore) operating in Pharmaceuticals sector.

Agencies
Promoters held 52 per cent stake in the company as of Sept 30, 2020, while FIIs held 23 per cent, DIIs 13.7 per cent and public and others 11.3 per cent.

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Motilal Oswal has buy call on Aurobindo Pharma with a target price of Rs 1100. The current market price of Aurobindo Pharma Ltd. is Rs 953.85.

Aurobindo Pharma Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 56141.71 Crore) operating in Pharmaceuticals sector.

Financials
For the quarter ended 30-09-2020, the company reported a Consolidated sales of Rs 6377.91 Crore, up 9.30 % from last quarter Sales of Rs 5835.23 Crore and up 15.58 % from last year same quarter Sales of Rs 5518.27 Crore Company reported net profit after tax of Rs 826.18 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 52 per cent stake in the company as of Sept 30, 2020, while FIIs held 23 per cent, DIIs 13.7 per cent and public and others 11.3 per cent.

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