Buy Cadila Healthcare, target price Rs 600: Edelweiss

Edelweiss has buy call on Cadila Healthcare with a target price of Rs 600. The current market price of Cadila Healthcare Ltd. is Rs 560.75.

Time period given by analyst is Intra Day when Cadila Healthcare Ltd. price can reach defined target.

Cadila Healthcare Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 57416.60 Crore) operating in Pharmaceuticals sector.


Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 4057.00 Crore, up 6.58 % from last quarter Total Income of Rs 3806.40 Crore and up 10.77 % from last year same quarter Total Income of Rs 3662.40 Crore. Company reported net profit after tax of Rs 635.50 Crore in latest quarter.

Investment Rationale
Stock has started forming from higher swing bottoms indicating a fresh upside momentum.

Promoter/FII Holdings
Promoters held 74.9 per cent stake in the company as of Dec 30, 2020, while FIIs held 5.2 per cent, DIIs 11.9 per cent and public and other 8 per cent.