Buy Suven Pharmaceuticals, target price Rs 542: HDFC Securities

HDFC Securities has buy call on Suven Pharmaceuticals with a target price of Rs 542. The current market price of Suven Pharmaceuticals is Rs 506.15.

Time period given by analyst is intraday when Suven Pharmaceuticals Ltd. price can reach defined target.

Suven Pharmaceuticals Ltd., incorporated in the year 2018, is a Small Cap company (having a market cap of Rs 12911.53 Crore) operating in Pharmaceuticals sector.


Suven Pharmaceuticals Ltd. key Products/Revenue Segments include Pharmaceuticals, Sale of services, Duty Drawback and Export Incentives for the year ending 31-Mar-2021.

Financials
For the quarter ended 30-09-2021, the company reported a Consolidated Total Income of Rs 306.03 Crore, up 13.52 % from last quarter Total Income of Rs 269.58 Crore and up 28.72 % from last year same quarter Total Income of Rs 237.74 Crore. Company reported net profit after tax of Rs 79.52 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 60.0 per cent stake in the company as of 30-Sep-2021, while FIIs owned 8.03 per cent, DIIs 5.82 per cent.