Sell Cadila Healthcare, target price Rs 377: ICICI Direct

ICICI Direct has sell call on Cadila Healthcare with a target price of Rs 377. The current market price of Cadila Healthcare Ltd. is Rs 397.95. Time period given by analyst is Intra Day when Cadila Healthcare Ltd. price can reach defined target.

Cadila Healthcare Ltd., incorporated in the year 1995, is a Large Cap company (having a market cap of Rs 40816.62 Crore) operating in Pharmaceuticals sector.

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



Financials
For the quarter ended 31-12-2021, the company reported a Consolidated Total Income of Rs 3715.80 Crore, down -3.19 % from last quarter Total Income of Rs 3838.10 Crore and down -2.81 % from last year same quarter Total Income of Rs 3823.10 Crore. Company reported net profit after tax of Rs 488.30 Crore in latest quarter.

Investment Rationale
Bearish flag breakdown as price reacted lower from the 20-days EMA.

Promoter/FII Holdings
Promoters held 74.88 per cent stake in the company as of 31-Dec-2021, while FIIs owned 3.79 per cent, DIIs 11.81 per cent.