Buy Sequent Scientific, target price Rs 285: IIFL

IIFL has buy call on Sequent Scientific with a target price of Rs 285. The current market price of Sequent Scientific Ltd. is Rs 273.5.

Sequent Scientific Ltd., incorporated in the year 1985, is a Small Cap company (having a market cap of Rs 6607.91 Crore) operating in Pharmaceuticals sector.

Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 361.02 Crore, up 3.47 % from last quarter Total Income of Rs 348.91 Crore and up 13.74 % from last year same quarter Total Income of Rs 317.40 Crore. Company reported net profit after tax of Rs 39.69 Crore in latest quarter.


Investment Rationale
Stock has given a consolidation breakout on the daily chart.