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    Buy Natco Pharma, target price Rs 1200: IIFL

    Synopsis

    Natco Pharma Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 20592.32 Crore) operating in Pharmaceuticals sector.

    pharma 3 (1)Agencies
    Promoters held 48.9 per cent stake in the company as of June 30, 2020, while FIIs held 24.4 per cent, DIIs 8.9 per cent and public and others 17.8 per cent.
    IIFL has buy call on Natco Pharma with a target price of Rs 1200. The current market price of Natco Pharma Ltd. is Rs 1128.95. Time period given by analyst is Intra Day when Natco Pharma Ltd. price can reach defined target.

    Natco Pharma Ltd., incorporated in the year 1981, is a Mid Cap company (having a market cap of Rs 20592.32 Crore) operating in Pharmaceuticals sector.

    Financials
    For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 359.70 Crore, down -6.81 % from last quarter Total Income of Rs 386.00 Crore and down -24.62 % from last year same quarter Total Income of Rs 477.20 Crore. Company reported net profit after tax of Rs 53.00 Crore in latest quarter.

    Investment Rationale
    Stock has given a bullish flag pattern breakout on the daily chart along with an uptick in the volume.

    Promoter/FII Holdings
    Promoters held 48.9 per cent stake in the company as of June 30, 2020, while FIIs held 24.4 per cent, DIIs 8.9 per cent and public and others 17.8 per cent.



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    (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
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