Buy Sun Pharma Advanced Research Company, target price Rs 345: Yes Securities

Yes Securities has buy call on Sun Pharma Advanced Research Company with a target price of Rs 345. The current market price of Sun Pharma Advanced Research Company Ltd. is Rs 321.3. Time period given by analyst is Intra Day when Sun Pharma Advanced Research Company Ltd. 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 8462.08 Crore) operating in Pharmaceuticals sector.

Sun Pharma Advanced Research Company Ltd. key Products/Revenue Segments include Sale of services for the year ending 31-Mar-2021.



Financials
For the quarter ended 30-09-2021, the company reported a Standalone Total Income of Rs 33.85 Crore, up 48.53 % from last quarter Total Income of Rs 22.79 Crore and up 65.44 % from last year same quarter Total Income of Rs 20.46 Crore. Company reported net profit after tax of Rs -55.14 Crore in latest quarter.

Investment Rationale
The stock is on the verge of a breakout from a bullish Flag pattern suggesting bullishness building up. A sustained trade above Rs 334 will take it higher to levels of Rs 345. RSI is also suggesting the same.