Buy Granules India, target Rs 106: Manas Jaiswal

Manas Jaiswal of manasjaiswal.com has a buy call on Granules India Ltd. with a target price of Rs 106. The current market price of Granules India Ltd. is Rs 98.45 Time period given by analyst is Intra Day when Granules India Ltd. price can reach the defined target. Manas Jaiswal recommended to keep stoploss at Rs 94. Granules India Ltd., incorporated in 1991, is a midcap company with a market cap of Rs 2502.33 crore.

Granules India Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 1373.27 Crore to Sales Value (99.93 % of Total Sales) and Scrap which contributed Rs .90 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2018, the company has reported a Consolidated sales of Rs 453.24 Crore, down -10.04 % from last quarter Sales of Rs 503.82 Crore and up 19.67 % from last year same quarter Sales of Rs 378.73 Crore Company has reported net profit after tax of Rs 37.16 Crore in latest quarter. The company’s top management includes Dr.Krishna Murthy Ella, Dr.V V N K V Prasada Raju, Mr.A P Kurian, Mr.Arun Rao Akinepally, Mr.C Parthasarathy, Mr.Harsha Chigurupati, Mr.K B Sankar Rao, Mr.Krishna Prasad Chigurupati, Mr.L S Sarma, Mrs.Uma Devi Chigurupati. Company has Kumar & Giri as its auditoRs As on 30-09-2018, the company has a total of 254,172,562 shares outstanding.