Buy Natco Pharma, target price Rs 980: Edelweiss

Edelweiss has buy call on Natco Pharma Ltd. with a target price of Rs 980. The current market price of Natco Pharma is Rs 916.85. Time period given by analyst is Intra Day when Natco Pharma Ltd. price can reach defined target. .

Natco Pharma Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 16731.09 Crore) operating in Pharmaceuticals sector.

Natco Pharma Ltd. key Products/Revenue Segments include Pharmaceuticals, Export Incentives, Sale of services, Job Work, Scrap and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 415.20 Crore, down -2.83 % from last quarter Total Income of Rs 427.30 Crore and down -49.85 % from last year same quarter Total Income of Rs 827.90 Crore. Company reported net profit after tax of Rs 65.10 Crore in latest quarter.

Investment Rationale
Momentum indicators have seen a bullish crossover indicating upside momentum to begin.

Promoter/FII Holdings
Promoters held 48.86 per cent stake in the company as of 31-Dec-2021, while FIIs owned 20.1 per cent, DIIs 10.24 per cent.