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    Buy Sun Pharma, target price Rs 850: Edelweiss

    Synopsis

    Sun Pharmaceutical Industries Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 188143.85 Crore) operating in Pharmaceuticals sector.

    Sun Pharma
    Edelweiss has buy call on Sun Pharma with a target price of Rs 850. The current market price of Sun Pharmaceutical Industries is Rs 785.95.

    Time period given by analyst is Intra Day when Sun Pharmaceutical Industries Ltd. price can reach defined target.
    Sun Pharmaceutical Industries Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 188143.85 Crore) operating in Pharmaceuticals sector.

    Financials
    For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 9871.26 Crore, up 14.33 % from last quarter Total Income of Rs 8633.98 Crore and up 27.55 % from last year same quarter Total Income of Rs 7739.04 Crore. Company reported net profit after tax of Rs 1408.65 Crore in latest quarter.

    Investment Rationale
    Continued its run-up after a brief consolidation breaking out of a Classical Pole and Flag pattern

    Promoter/FII Holdings
    Promoters held 54.5 per cent stake in the company as of June 30, 2021, while FIIs held 11.5 per cent, DIIs 22 per cent and public and other 12.1 per cent.



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

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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