Buy Cadila Healthcare, target price Rs 692: Chandan Taparia

Chandan Taparia of Motilal Oswal has buy call on Cadila Healthcare with a target price of Rs 692. The current market price of Cadila Healthcare is Rs 665.

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

Cadila Healthcare Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 68073.76 Crore) operating in Pharmaceuticals sector.


Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 3806.40 Crore, down -.44 % from last quarter Total Income of Rs 3823.10 Crore and up .26 % from last year same quarter Total Income of Rs 3796.40 Crore. Company reported net profit after tax of Rs 731.60 Crore in latest quarter.

Investment Rationale
Given a highest daily close with consolidation breakout of last 22 trading sessions.

Promoter/FII Holdings
Promoters held 74.9 per cent stake in the company , FIIs held 5.2 per cent, DIIs 11.5 per cent and public and others 8.4 per cent.