Buy Ipca Laboratories, target price Rs 1300: Anand Rathi

Buy Ipca Laboratories, target price Rs 1300: Anand Rathi
ETMarkets.com
Rate Story
Share
Font Size
Save
Comment
Synopsis

Ipca Laboratories Ltd., incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 13572.54 Crore) operating in Pharmaceuticals sector.

Promoters held 46.29 per cent stake in the company as of 31-Dec-2021, while FIIs owned 12.34 per cent, DIIs 30.02 per cent.

Related

Anand Rathi has buy call on Ipca Laboratories with a target price of Rs 1300. The current market price of Ipca Laboratories Ltd. is Rs 1070. Time period given by analyst is one month when Ipca Laboratories Ltd. price can reach defined target. .

Ipca Laboratories Ltd., incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 13572.54 Crore) operating in Pharmaceuticals sector.

Ipca Laboratories Ltd. key Products/Revenue Segments include Pharmaceuticals, Other Operating Revenue, Export Incentives and Sale of services for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 1562.51 Crore, down -1.53 % from last quarter Total Income of Rs 1586.81 Crore and up 13.51 % from last year same quarter Total Income of Rs 1376.55 Crore. Company reported net profit after tax of Rs 257.73 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 46.29 per cent stake in the company as of 31-Dec-2021, while FIIs owned 12.34 per cent, DIIs 30.02 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.

Pick the best companies to invest

BECOME AN ETPRIME MEMBER

Read More News on

(What's moving Sensex and Nifty Track latest market news, stock tips and expert advice on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds.)

Download The Economic Times News App to get Daily Market Updates & Live Business News.

...more
Pick the best stocks for yourself
Powered by