Buy Aurobindo Pharma, target price Rs 1710: JM Financial

JM Financial has buy call on Aurobindo Pharma with a target price of Rs 1710. The current market price of Aurobindo Pharma Ltd. is Rs 1499.6.

Aurobindo Pharma Ltd., incorporated in the year 1986, is a Large Cap company (having a market cap of Rs 88007.98 Crore) operating in Pharmaceuticals sector.

Aurobindo Pharma Ltd. key Products/Revenue Segments include Pharmaceuticals, Sale of services, Export Incentives and Scrap for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 7787.95 Crore, up .94 % from last quarter Total Income of Rs 7715.77 Crore and up 11.79 % from last year same quarter Total Income of Rs 6966.85 Crore. Company reported net profit after tax of Rs 919.61 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 51.8 per cent stake in the company as of 30-Jun-2024, while FIIs owned 16.73 per cent, DIIs 24.77 per cent.