Buy Sun Pharma, target price Rs 991: Centrum Broking

Centrum Broking has buy call on Sun Pharmaceutical Industries with a target price of Rs 991. The current market price of Sun Pharmaceutical Industries is Rs 839.35. Time period given by analyst is one year 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 198508.98 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 30-09-2021, the company reported a Consolidated Total Income of Rs 9848.82 Crore, down -.23 % from last quarter Total Income of Rs 9871.26 Crore and up 11.81 % from last year same quarter Total Income of Rs 8808.91 Crore. Company reported net profit after tax of Rs 2088.73 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 54.48 per cent stake in the company as of 31-Dec-2021, while FIIs owned 13.0 per cent, DIIs 21.0 per cent.