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    Buy Zydus Wellness, target price Rs 2000: ICICI Securities

    Synopsis

    Zydus Wellness Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 10416.58 Crore) operating in FMCG sector.

    BuyAgencies
    Promoters held 64.82 per cent stake in the company as of 31-Dec-2021, while FIIs owned 3.39 per cent, DIIs 24.8 per cent.
    ICICI Securities has buy call on Zydus Wellness with a target price of Rs 2000. The current market price of Zydus Wellness Ltd. is Rs 1642.85. Time period given by analyst is one year when Zydus Wellness Ltd. price can reach defined target.

    Zydus Wellness Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 10416.58 Crore) operating in FMCG sector.

    Zydus Wellness Ltd. key Products/Revenue Segments include Personal Care and Other Operating Revenue for the year ending 31-Mar-2022.


    Financials
    For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 698.71 Crore, up 8.88 % from last quarter Total Income of Rs 641.74 Crore and up 16.46 % from last year same quarter Total Income of Rs 599.97 Crore. Company reported net profit after tax of Rs 137.01 Crore in latest quarter.



    Promoter/FII Holdings
    Promoters held 64.82 per cent stake in the company as of 31-Dec-2021, while FIIs owned 3.39 per cent, DIIs 24.8 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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