Sell Granules India, target Rs 75: Chart Advise

Chart Advise has a sell call on Granules India Ltd. with a target price of Rs 75.0 . The current market price of Granules India Ltd. is Rs 83.1. Time period given by analyst is Intra Day when Granules India Ltd. price can reach the defined target. Chart Advise recommended to keep stoploss at Rs 86. Granules India Ltd., incorporated in 1991, is a mid-cap company with a market cap of Rs 2109.39 crore.


Granules India Ltd. key Products/Revenue Segments include Pharmaceuticals which contributed Rs 1373.27 Crore to Sales Value (99.93 % of Total Sales) and Scrap which contributed Rs .90 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2017.

For the quarter ended 31-03-2018, the company has reported a Consolidated sales of Rs 503.82 Crore, up 22.66 % from last quarter Sales of Rs 410.73 Crore and up 41.82 % from last year same quarter Sales of Rs 355.25 Crore Company has reported net profit after tax of Rs 17.19 Crore in latest quarter.

The company’s top management includes Dr.Krishna Murthy Ella, Dr.V V N K V Prasada Raju, Mr.A P Kurian, Mr.Arun Rao Akinepally, Mr.C Parthasarathy, Mr.Harsha Chigurupati, Mr.K B Sankar Rao, Mr.Krishna Prasad Chigurupati, Mr.L S Sarma, Mrs.Uma Devi Chigurupati. Company has Kumar & Giri as its auditoRs As on 31-03-2018, the company has a total of 253,837,562 shares outstanding.