Buy Granules India, price target Rs 140: Shrikant Chouhan

Shrikant Chouhan of Kotak Securities Limited has a buy call on Granules India Ltd. with a target price of Rs 140. The current price of Granules India Ltd. is Rs 134.05. Time period given by the analyst is Intra Day when Granules India Ltd. price can reach defined target. Shrikant Chouhan recommended to keep a stop loss at Rs 129.

Granules India Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 3411.88 Crore) operating in Pharmaceuticals sector.

Granules India Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 2053.59 Crore to Sales Value (97.86 % of Total Sales) and Other Operating Revenue which contributed Rs 44.84 Crore to Sales Value (2.13 % of Total Sales) for the year ending 31-Mar-2019.


For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 699.53 Crore, up 17.51 % from last quarter sales of Rs 595.27 Crore and up 20.43 % from last year same quarter sales of Rs 580.87 Crore. Company has reported net profit after tax of Rs 95.79 Crore in latest quarter.