iStock has buy call on India with a target price of Rs 375. The current market price of Granules India Ltd. is Rs 351.5.
Granules India Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 8729.30 Crore) operating in Pharmaceuticals sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 860.92 Crore, down -.05 % from last quarter Total Income of Rs 861.34 Crore and up 21.69 % from last year same quarter Total Income of Rs 707.47 Crore. Company reported net profit after tax of Rs 146.81 Crore in latest quarter.
Investment Rationale
Stock has given a consolidation breakout above its 89Dema on the daily chart
Promoter/FII Holdings
Promoters held 42 per cent stake in the company as of Dec 30, 2020, while FIIs held 26.4 per cent, DIIs 0.3 per cent and public and others 31.3 per cent.
Granules India Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 8729.30 Crore) operating in Pharmaceuticals sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 860.92 Crore, down -.05 % from last quarter Total Income of Rs 861.34 Crore and up 21.69 % from last year same quarter Total Income of Rs 707.47 Crore. Company reported net profit after tax of Rs 146.81 Crore in latest quarter.
Investment Rationale
Stock has given a consolidation breakout above its 89Dema on the daily chart
Promoter/FII Holdings
Promoters held 42 per cent stake in the company as of Dec 30, 2020, while FIIs held 26.4 per cent, DIIs 0.3 per cent and public and others 31.3 per cent.
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