Buy Pfizer, target price Rs 4725: HDFC Securities

HDFC Securities has buy call on Pfizer with a target price of Rs 4725. The current market price of Pfizer is Rs 4401.45.
Pfizer Ltd., incorporated in the year 1950, is a Large Cap company (having a market cap of Rs 20157.59 Crore) operating in Pharmaceuticals sector.

Pfizer Ltd. key Products/Revenue Segments include Pharmaceuticals, Sale of services and Scrap for the year ending 31-Mar-2022.


Financials
For the quarter ended 30-06-2022, the company reported a Standalone Total Income of Rs 610.92 Crore, up 7.79 % from last quarter Total Income of Rs 566.78 Crore and down -19.76 % from last year same quarter Total Income of Rs 761.41 Crore. Company reported net profit after tax of Rs 32.55 Crore in latest quarter.


Investment Rationale
Stock has surpassed crucial resistance of 200 days EMA with jump in volumes.

Promoter/FII Holdings
Promoters held 63.92 per cent stake in the company as of 30-Jun-2022, while FIIs owned 9.43 per cent, DIIs 7.95 per cent.