Buy Thyrocare Technologies, target price Rs 740: ICICI Securities

ICICI Securities has buy call on Thyrocare Technologies with a target price of Rs 740.0. The current market price of Thyrocare Technologies Ltd. is Rs 611.6.

Thyrocare Technologies Ltd., incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 3228.73 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 30-09-2023, the company reported a Consolidated Total Income of Rs 150.17 Crore, up 10.52 % from last quarter Total Income of Rs 135.87 Crore and up 9.94 % from last year same quarter Total Income of Rs 136.59 Crore. Company reported net profit after tax of Rs 19.97 Crore in latest quarter.

Promoter/FII Holdings
Promoters held 142.28 per cent stake in the company as of 30-Jun-2023, while FIIs owned 6.88 per cent, DIIs 26.92 per cent.