Buy Sequent Scientific, target price Rs 145: HDFC Securities

HDFC Securities has buy call on Sequent Scientific with a target price of Rs 145. The current market price of Sequent Scientific is Rs 133.25. Time period given by analyst is Intra Day when Sequent Scientific Ltd. price can reach defined target.

Sequent Scientific Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 3309.54 Crore) operating in Pharmaceuticals sector.

Sequent Scientific Ltd. key Products/Revenue Segments include Bulk Drugs, Chemicals, Duty Drawback, Other Operating Revenue and Scrap for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 361.72 Crore, up 2.97 % from last quarter Total Income of Rs 351.29 Crore and up .19 % from last year same quarter Total Income of Rs 361.02 Crore. Company reported net profit after tax of Rs 18.56 Crore in latest quarter.

Investment Rationale
The stock price as per weekly timeframe chart is in a formation of rounding bottom type pattern

Promoter/FII Holdings
Promoters held 53.02 per cent stake in the company as of 31-Dec-2021, while FIIs owned 7.45 per cent, DIIs 1.1 per cent.