Sell Ajanta Pharma, target Rs 1195.0 : Dr CK Narayan

Dr CK Narayan of Chart Advise has a sell call on Ajanta Pharma Ltd. with a target price of Rs 1195.0 . The current market price of Ajanta Pharma Ltd. is 1213.55 Time period given by analyst is Intra Day when Ajanta Pharma Ltd. price can reach defined target. Dr CK Narayan recommended to keep stoploss at Rs 1225
Ajanta Pharma Ltd., incorporated in the year 1979, is a Mid Cap company (having a market cap of ₹ 10679.97 Cr.) operating in Pharmaceuticals and health care sector.

Ajanta Pharma Ltd. key Products/Revenue Segments include Pharmaceutical Products which contributed ₹ 1753.68 Cr to Sales Value (96.21 % of Total Sales), Export Incentives which contributed ₹ 66.83 Cr to Sales Value (3.66 % of Total Sales) and Other Operating Revenue which contributed ₹ 2.20 Cr to Sales Value (0.12 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 30-06-2017, the company has reported a Consolidated sales of ₹ 473.12 Cr., up 3.73 from last quarter Sales of ₹ 456.12 Cr. and up 4.16 from last year same quarter Sales of ₹ 454.21 Cr. Company has reported net profit after tax of ₹ 94.79 Cr. in latest quarter. The company’s top management includes Dr.Anil Kumar, Dr.Anjana Grewal, Mr.Chandrakant M Khetan, Mr.K H Viswanathan, Mr.Madhusudan B Agrawal, Mr.Mannalal B Agrawal, Mr.Prabhakar Dalal, Mr.Purushottam B Agrawal, Mr.Rajesh M Agrawal, Mr.Yogesh M Agrawal. Company has Kapoor & Parekh Associates as its auditors. As on 30-06-2017, the company has a total of 88,006,000 shares outstanding.