Buy Aster DM Healthcare, target price Rs 226: ICICI Securities

ICICI Securities has buy call on Aster DM Healthcare with a target price of Rs 226. The current market price of Aster DM Healthcare is Rs 175.

Time period given by analyst is one year when Aster DM Healthcare Ltd. price can reach defined target.
Aster DM Healthcare Ltd., incorporated in the year 2008, is a Mid Cap company (having a market cap of Rs 8728.99 Crore) operating in Hospitals & Allied Services sector.


Aster DM Healthcare Ltd. key Products/Revenue Segments include Hospital Services, Other Operating Revenue, Pharmaceuticals, Other Services, Consultancy Income for the year ending 31-Mar-2021.


Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 2513.45 Crore, up 5.62 % from last quarter Total Income of Rs 2379.63 Crore and up 10.45 % from last year same quarter Total Income of Rs 2275.65 Crore. Company reported net profit after tax of Rs 126.60 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 37.88 per cent stake in the company as of 30-Sep-2021, while FIIs owned 10.8 per cent, DIIs 8.47 per cent.