The Economic Times daily newspaper is available online now.

    Buy FDC, target price Rs 335: Yes Securities

    Synopsis

    FDC Ltd., incorporated in the year 1940, is a Mid Cap company (having a market cap of Rs 5444.97 Crore) operating in Pharmaceuticals sector.

    BuyThinkStock Photos
    Sustenance at current levels could unlock further potential on the upside.
    Yes Securities has buy call on FDC with a target price of Rs 335. The current market price of FDC Ltd. is Rs 322.25.
    FDC Ltd., incorporated in the year 1940, is a Mid Cap company (having a market cap of Rs 5444.97 Crore) operating in Pharmaceuticals sector.

    Financials
    For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 375.27 Crore, down -3.88 % from last quarter Total Income of Rs 390.43 Crore and up 6.54 % from last year same quarter Total Income of Rs 352.25 Crore. Company reported net profit after tax of Rs 75.21 Crore in latest quarter.

    Investment Rationale
    Post multi-month decline, the stock has gained positive traction in the recent past. Sustenance at current levels could unlock further potential on the upside.



    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    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


    (What's moving Sensex and Nifty Track latest market news, stock tips and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)

    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
    The Economic Times

    Stories you might be interested in