Buy FDC, target price Rs 335: Yes Securities

Yes Securities has buy call on FDC with a target price of Rs 335. The current market price of FDC Ltd. is Rs 322.25.
FDC Ltd., incorporated in the year 1940, is a Mid Cap company (having a market cap of Rs 5444.97 Crore) operating in Pharmaceuticals sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 375.27 Crore, down -3.88 % from last quarter Total Income of Rs 390.43 Crore and up 6.54 % from last year same quarter Total Income of Rs 352.25 Crore. Company reported net profit after tax of Rs 75.21 Crore in latest quarter.


Investment Rationale
Post multi-month decline, the stock has gained positive traction in the recent past. Sustenance at current levels could unlock further potential on the upside.