Buy Granules India, target Rs 122: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on Granules India Ltd. with a target price of Rs 122. The current market price of Granules India Ltd. is Rs 116.9 Time period given by the analyst is Intra Day when Granules India Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 112. Granules India Ltd., incorporated in 1991, is a midcap company with a market cap of Rs 2972.15 crore.
Granules India Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 1603.77 Crore to Sales Value (96.97 % of Total Sales) and Other Operating Revenue which contributed Rs 50.10 Crore to Sales Value (3.02 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-12-2018, the company has reported a Consolidated sales of Rs 631.78 Crore, up 8.76 % from last quarter Sales of Rs 580.87 Crore and up 53.82 % from last year same quarter Sales of Rs 410.73 Crore Company has reported net profit after tax of Rs 58.23 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.Arun Sawhney, Mr.C Parthasarathy, Mr.Harsha Chigurupati, Mr.K B Sankar Rao, Mr.Krishna Prasad Chigurupati, Mr.L S Sarma, Mr.Robert George Cunard, Mrs.Uma Devi Chigurupati. Company has B S R & Associates LLP as its auditoRs As on 31-12-2018, the company has a total of 254,247,562 shares outstanding.