Hold Glenmark Pharmaceuticals, target price Rs 440: ICICI Direct

Hold Glenmark Pharmaceuticals, target price Rs 440: ICICI Direct
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Synopsis

Glenmark Pharmaceuticals Ltd., incorporated in the year 1977, is a Mid Cap company (having a market cap of Rs 11075.10 Crore) operating in Pharmaceuticals sector.

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Promoters held 46.65 per cent stake in the company as of 30-Jun-2022, while FIIs owned 28.54 per cent, DIIs 6.18 per cent.
ICICI Direct has hold call on Glenmark Pharmaceuticals with a target price of Rs 440. The current market price of is Rs 392.2. Time period given by analyst is one year when . price can reach defined target.

Glenmark Pharmaceuticals Ltd., incorporated in the year 1977, is a Mid Cap company (having a market cap of Rs 11075.10 Crore) operating in Pharmaceuticals sector.

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


Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 2960.44 Crore, down -5.31 % from last quarter Total Income of Rs 3126.35 Crore and down -2.09 % from last year same quarter Total Income of Rs 3023.54 Crore. Company reported net profit after tax of Rs 211.11 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 46.65 per cent stake in the company as of 30-Jun-2022, while FIIs owned 28.54 per cent, DIIs 6.18 per cent.
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