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    Hold Alembic Pharmaceuticals, target price Rs 730: JM Financial

    Synopsis

    Alembic Pharmaceuticals, incorporated in the year 2010, is a Mid Cap company (having a market cap of Rs 11514.67 Crore) operating in Pharmaceuticals sector.

    Alembic PharmaAgencies
    Promoters held 69.61 per cent stake in the company as of September 2022 quarter, while FIIs owned 0 per cent , DIIs 12.51 per cent.
    JM Financial has hold call on Alembic Pharmaceuticals with a target price of Rs 730. The current market price of Alembic Pharmaceuticals is Rs 586.05. Time period given by analyst is a year when Alembic Pharmaceuticals price can reach defined target.

    Alembic Pharmaceuticals, incorporated in the year 2010, is a Mid Cap company (having a market cap of Rs 11514.67 Crore) operating in Pharmaceuticals sector.

    Alembic Pharmaceuticals key Products/Revenue Segments include Pharmaceuticals, Export Incentives, Royalty Income and Other Operating Revenue for the year ending 31-Mar-2022.

    Financials
    For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 1475.34 Crore, up 16.79 % from last quarter Total Income of Rs 1263.22 Crore and up 13.97 % from last year same quarter Total Income of Rs 1294.52 Crore. Company has reported net profit after tax of Rs 135.00 Crore in latest quarter.

    The company’s top management includes Mr.Chirayu Amin, Mr.Pranav Amin, Mr.Shaunak Amin, Mr.R K Baheti, Mr.K G Ramanathan, Mr.Pranav Parikh, Mr.Paresh Saraiya, Dr.Archana Hingorani, Mr.Ashok Barat. Company has K C Mehta & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 20 Crore shares outstanding.

    Promoter/FII Holdings
    Promoters held 69.61 per cent stake in the company as of September 2022 quarter, while FIIs owned 0 per cent , DIIs 12.51 per cent.



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    Download The Economic Times News App to get Daily Market Updates & Live Business News.

    Subscribe to The Economic Times Prime and read the Economic Times ePaper Online.and Sensex Today.

    Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price

    ...more
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