Buy Granules India, target Rs 160.0 : Nirmal Bang Securities

Nirmal Bang Securities has buy call on Granules India Ltd. with an intra-day target price of Rs 160.The current market price of Granules India Ltd. is Rs 150.0 Time period given by analyst is Intra Day when Granules India Ltd. price can reach defined target. Nirmal Bang Securities maintains stop loss at Rs 149.0 .

Granules India Ltd., incorporated in the year 1991, is a Mid Cap company (having a market cap of ₹ 3377.94 Cr.) operating in Pharmaceuticals and health care sector.

Granules India Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed ₹ 1358.42 Cr to Sales Value (99.93 % of Total Sales) and Scrap which contributed ₹ .86 Cr to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2016.

For the quarter ended 31-03-2017, the company has reported a Consolidated sales of ₹ 355.25 Cr., down -1.11% from last quarter Sales of ₹ 359.24 Cr. and down -4.57% from last year same quarter Sales of ₹ 372.27 Cr. Company has reported net profit after tax of ₹ 36.28 Cr. in latest quarter. The company’s CEO is Mr.Krishna Prasad Chigurupati. It's Board of Directors include Ms.Chaitanya Tummala, Mr.B Madhusudan Rao, Mr.Stefan Lohle Corredor, Mr.V V S Murthy, Ms.Chaitanya Tummala, 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 its registered office at 2nd Floor, , 3rd Block, , My Home Hub, , Hyderabad, 500081, Andhra Pradesh. Company has Kumar & Giri as its auditors. As on 31-03-2017, the company has a total of 228,702,770 shares outstanding.