Buy Sun Pharma, target price Rs 910: Kotak Securities

Kotak Securities Limited has buy call on Sun Pharmaceutical Industries with a target price of Rs 910.
The current market price of Sun Pharmaceutical Industries Ltd. is Rs 880.9. Time period given by analyst is Intra Day when Sun Pharmaceutical Industries Ltd. price can reach defined target.

Sun Pharmaceutical Industries Ltd., incorporated in the year 1993, is a Large Cap company (having a market cap of Rs 211117.48 Crore) operating in Pharmaceuticals sector.


Sun Pharmaceutical Industries Ltd. key Products/Revenue Segments include Pharmaceuticals and Other Operating Revenue for the year ending 31-Mar-2021.


Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 9560.35 Crore, down -7.14 % from last quarter Total Income of Rs 10295.57 Crore and up 10.73 % from last year same quarter Total Income of Rs 8633.98 Crore. Company reported net profit after tax of Rs -2222.36 Crore in latest quarter.

Investment Rationale
Rising channel chart with Higher High and Higher low series suggest up move to continue in near term

Promoter/FII Holdings
Promoters held 54.48 per cent stake in the company as of 31-Mar-2022, while FIIs owned 14.44 per cent, DIIs 20.02 per cent.