Buy Thyrocare Technologies, target price Rs 980: ICICI Securities

ICICI Securities has buy call on Thyrocare Technologies with a target price of Rs 980. The current market price of Thyrocare Technologies is Rs 663.4. Time period given by analyst is one year when Thyrocare Technologies Ltd. price can reach defined target.

Thyrocare Technologies Ltd., incorporated in the year 2000, is a Mid Cap company (having a market cap of Rs 3513.57 Crore) operating in Hospitals & Allied Services sector.

Thyrocare Technologies Ltd. key Products/Revenue Segments include Diagnostics, Sale of services, Other Operating Revenue and Glucose Strips/Gluco Meter for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 132.71 Crore, up 11.71 % from last quarter Total Income of Rs 118.80 Crore and down -11.81 % from last year same quarter Total Income of Rs 150.48 Crore. Company reported net profit after tax of Rs 20.72 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 71.18 per cent stake in the company as of 31-Mar-2022, while FIIs owned 12.68 per cent, DIIs 6.88 per cent.