Buy Ipca Laboratories, target Rs 720: YES Securities

Buy Ipca Laboratories Ltd. at a price target of Rs 720.0 and a stop loss at Rs 600 from entry point.

YES Securities has a buy call on Ipca Laboratories with a target price of Rs 720.

The current market price of Ipca Laboratories is Rs 648.

Time period given by the brokerage firm is 'Intra Day' when Ipca Laboratories price can reach defined target.

YES Securities recommended to keep a stop loss at Rs 600.

Ipca Laboratories, incorporated in the year 1949, is a Mid Cap company (having a market cap of Rs 7,824.98 Crore) operating in Pharmaceuticals and health care sector.

The company’s top management includes Dr.Ramakanta Panda, Dr.(Mrs.)Manisha Premnath, Mr.Ajit Kumar Jain, Mr.Anand T Kusre, Mr.Babulal Jain, Mr.Dev Parkash Yadava, Mr.Pranay Godha, Mr.Prashant Godha, Mr.Premchand Godha.
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Company has G M Kapadia & Co as its auditors.

As on 31-12-2017, the company has a total of 126,199,109 shares outstanding.
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