Buy Gland Pharma, target price Rs 2440: Motilal Oswal

Motilal Oswal has buy call on Gland Pharma Ltd. with a target price of Rs 2440. The current market price of Gland Pharma Ltd. is Rs 1965.

Gland Pharma Ltd., incorporated in the year 1978, is a Small Cap company (having a market cap of Rs 34712.36 Crore) operating in Pharmaceuticals sector.

Gland Pharma Ltd. key Products/Revenue Segments include Pharmaceuticals, Sale of services, Other Operating Revenue and Export Incentives for the year ending 31-Mar-2023.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 1453.14 Crore, down -8.01 % from last quarter Total Income of Rs 1579.60 Crore and up 16.60 % from last year same quarter Total Income of Rs 1246.24 Crore. Company reported net profit after tax of Rs 143.76 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 51.83 per cent stake in the company as of 30-Jun-2024, while FIIs owned 6.88 per cent, DIIs 32.83 per cent.