AgenciesReligare Broking has buy call on Sun Pharmaceutical Industries with a target price of Rs 1120. The current market price of Sun Pharmaceutical Industries is Rs 1065.7. The brokerage recommended to keep stop loss at Rs 1010.
Sun Pharmaceutical Industries, incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 253129.84 Crore) operating in Pharmaceuticals sector.
Sun Pharmaceutical Industries key Products/Revenue Segments include Pharmaceuticals and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 11303.95 Crore, down -.97 % from last quarter Total Income of Rs 11414.85 Crore and up 18.24 % from last year same quarter Total Income of Rs 9560.35 Crore. Company has reported net profit after tax of Rs 2016.78 Crore in latest quarter.
Investment Rationale
Formed a fresh buying pivot around the record high. Expect the up move to continue.
Promoters held 54.48 per cent stake in the company as of 31-Mar-2023, while FIIs owned 16.88 per cent, DIIs 19.07 per cent.
Sun Pharmaceutical Industries, incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 253129.84 Crore) operating in Pharmaceuticals sector.
Sun Pharmaceutical Industries key Products/Revenue Segments include Pharmaceuticals and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 31-03-2023, the company has reported a Consolidated Total Income of Rs 11303.95 Crore, down -.97 % from last quarter Total Income of Rs 11414.85 Crore and up 18.24 % from last year same quarter Total Income of Rs 9560.35 Crore. Company has reported net profit after tax of Rs 2016.78 Crore in latest quarter.
Investment Rationale
Formed a fresh buying pivot around the record high. Expect the up move to continue.
Promoter/FII Holdings
Promoters held 54.48 per cent stake in the company as of 31-Mar-2023, while FIIs owned 16.88 per cent, DIIs 19.07 per cent.
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