Buy Ajanta Pharma, target price Rs 1495: ICICI Direct

ICICI Direct has buy call on Ajanta Pharma with a target price of Rs 1495. The current market price of Ajanta Pharma is Rs 1263.65. Time period given by analyst is one year when Ajanta Pharma Ltd. price can reach defined target.

Ajanta Pharma Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 16207.83 Crore) operating in Pharmaceuticals sector.

Ajanta Pharma Ltd. key Products/Revenue Segments include Pharmaceutical Products, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 983.69 Crore, up 9.33 % from last quarter Total Income of Rs 899.77 Crore and up 26.01 % from last year same quarter Total Income of Rs 780.62 Crore. Company reported net profit after tax of Rs 174.62 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 70.48 per cent stake in the company as of 30-Jun-2022, while FIIs owned 8.3 per cent, DIIs 12.46 per cent.