ThinkStock PhotosChandan of has buy call on with a target price of Rs 640. The current market price of Syngene International is Rs 612.35.
Syngene International Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 24615.96 Crore) operating in Pharmaceuticals sector.
. key Products/Revenue Segments include Contract Research & Contract Manufacturing (CRAMS), Other Operating Revenue and Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 783.50 Crore, up 18.71 % from last quarter Total Income of Rs 660.00 Crore and up 25.74 % from last year same quarter Total Income of Rs 623.10 Crore. Company reported net profit after tax of Rs 102.00 Crore in latest quarter.
Investment Rationale
Pole & flag pattern formation breakout on daily frame; follow-up buying with surge in volume at higher zones
Promoter/FII Holdings
Promoters held 70.29 per cent stake in the company as of 30-Jun-2022, while FIIs owned 14.33 per cent, DIIs 3.99 per cent.
Syngene International Ltd., incorporated in the year 1993, is a Mid Cap company (having a market cap of Rs 24615.96 Crore) operating in Pharmaceuticals sector.
. key Products/Revenue Segments include Contract Research & Contract Manufacturing (CRAMS), Other Operating Revenue and Scrap for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company reported a Consolidated Total Income of Rs 783.50 Crore, up 18.71 % from last quarter Total Income of Rs 660.00 Crore and up 25.74 % from last year same quarter Total Income of Rs 623.10 Crore. Company reported net profit after tax of Rs 102.00 Crore in latest quarter.
Investment Rationale
Pole & flag pattern formation breakout on daily frame; follow-up buying with surge in volume at higher zones
Promoter/FII Holdings
Promoters held 70.29 per cent stake in the company as of 30-Jun-2022, while FIIs owned 14.33 per cent, DIIs 3.99 per cent.
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