Stock recommendations: Buy FDC, target price Rs 322: Anand Rathi

Anand Rathi has buy call on FDC with a target price of Rs 322. The current market price of FDC Ltd. is Rs 278.55. Time period given by analyst is 1 months when FDC Ltd. price can reach defined target.

FDC Ltd., incorporated in the year 1940, is a Mid Cap company (having a market cap of Rs 4715.71 Crore) operating in Pharmaceuticals sector.

FDC Ltd. key Products/Revenue Segments include Formulations, Bulk Drugs, Export Incentives, Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 354.63 Crore, down -17.14 % from last quarter Total Income of Rs 428.00 Crore and down -5.50 % from last year same quarter Total Income of Rs 375.27 Crore. Company reported net profit after tax of Rs 35.61 Crore in latest quarter.

Investment Rationale
The brokerage advises traders to go long in the stock with a stop loss of 265