Buy Granules India, target price Rs 338: ICICI Direct

ICICI Direct has buy call on Granules India with a target price of Rs 338. The current market price of Granules India is Rs 323.3. Time period given by analyst is 3 days when Granules India Ltd. price can reach defined target.

Granules India Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of Rs 8005.63 Crore) operating in Pharmaceuticals sector.

Granules India Ltd. key Products/Revenue Segments include Pharmaceuticals and Other Operating Revenue for the year ending 31-Mar-2022.



Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 1024.22 Crore, down -.94 % from last quarter Total Income of Rs 1033.93 Crore and up 19.45 % from last year same quarter Total Income of Rs 857.47 Crore. Company reported net profit after tax of Rs 127.57 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 41.98 per cent stake in the company as of 30-Jun-2022, while FIIs owned 23.13 per cent, DIIs 3.03 per cent.