Buy Ajanta Pharma, target price Rs 2030: Motilal Oswal

Motilal Oswal has buy call on Ajanta Pharma with a target price of Rs 2030. The current market price of Ajanta Pharma Ltd. is Rs 1771.

Ajanta Pharma Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 15374.96 Crore) operating in Pharmaceuticals sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 754.22 Crore, up 4.64 % from last quarter Total Income of Rs 720.76 Crore and up 13.27 % from last year same quarter Total Income of Rs 665.85 Crore. Company reported net profit after tax of Rs 176.63 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 70.3 per cent stake in the company as of Dec 30, 2020, while FIIs held 7.9 per cent, DIIs 12.5 per cent and public and others 9.3 per cent.