Buy Mankind Pharma, target price Rs 2760: Motilal Oswal

Motilal Oswal has buy call on Mankind Pharma with a target price of Rs 2760. The current market price of Mankind Pharma Ltd. is Rs 2397.65.

Mankind Pharma Ltd., incorporated in the year 1991, is a Small Cap company (having a market cap of Rs 94648.05 Crore) operating in Pharmaceuticals sector.

Mankind Pharma Ltd. key Products/Revenue Segments include Pharmaceuticals, Sale of services and Royalty Income for the year ending 31-Mar-2024.



Financials
For the quarter ended 30-06-2024, the company reported a Consolidated Total Income of Rs 2994.02 Crore, up 18.19 % from last quarter Total Income of Rs 2533.23 Crore and up 13.53 % from last year same quarter Total Income of Rs 2637.24 Crore. Company reported net profit after tax of Rs 539.16 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 74.87 per cent stake in the company as of 30-Jun-2024, while FIIs owned 11.58 per cent, DIIs 9.94 per cent.