Buy Sun Pharma Advanced Research Company, target price Rs 325: Yes Securities

Yes Securities has buy call on Sun Pharma Advanced Research Company with a target price of Rs 325.
The current market price of Sun Pharma Advanced Research Company Ltd. is Rs 300.2. Time period given by analyst is Intra Day when Sun Pharma Advanced Research Company price can reach defined target.

Sun Pharma Advanced Research Company Ltd., incorporated in the year 2006, is a Mid Cap company (having a market cap of Rs 7865.36 Crore) operating in Pharmaceuticals sector.


Financials
For the quarter ended 30-06-2021, the company reported a Standalone Total Income of Rs 22.79 Crore, down -19.73 % from last quarter Total Income of Rs 28.39 Crore and down -87.75 % from last year same quarter Total Income of Rs 186.11 Crore. Company reported net profit after tax of Rs -61.37 Crore in latest quarter.

Investment Rationale
With sustained move above important averages, the stock has witnessed a positive break through the recent consolidation.