Buy Thyrocare Technologies, target price Rs 725: ICICI Securities

ICICI Securities has buy call on Thyrocare Technologies with a target price of Rs 725. The current market price of Thyrocare Technologies is Rs 628.

Thyrocare Technologies Ltd., incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 3314.84 Crore) operating in Hospitals & Allied Services sector.

Thyrocare Technologies Ltd. key Products/Revenue Segments include Diagnostics, Other Operating Revenue, Traded Goods for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 137.47 Crore, down -8.46 % from last quarter Total Income of Rs 150.17 Crore and up 5.64 % from last year same quarter Total Income of Rs 130.13 Crore. Company reported net profit after tax of Rs 14.61 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 71.11 per cent stake in the company as of 31-Dec-2023, while FIIs owned 3.35 per cent, DIIs 13.89 per cent.