Hold Ajanta Pharma, target price Rs 1305: ICICI Direct

ICICI Direct has hold call on Ajanta Pharma with a target price of Rs 1305. The current market price of Ajanta Pharma is Rs 1199.45. Time period given by analyst is one year when Ajanta Pharma Ltd. price can reach defined target.

Ajanta Pharma Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of Rs 15564.46 Crore) operating in Pharmaceuticals sector.

Ajanta Pharma Ltd. key Products/Revenue Segments include Pharmaceutical Products, Export Incentives and Other Operating Revenue for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 899.77 Crore, up 4.39 % from last quarter Total Income of Rs 861.94 Crore and up 18.49 % from last year same quarter Total Income of Rs 759.37 Crore. Company reported net profit after tax of Rs 151.21 Crore in latest quarter.



Promoter/FII Holdings
Promoters held 70.48 per cent stake in the company as of 31-Mar-2022, while FIIs owned 8.64 per cent, DIIs 12.28 per cent.